ICIS Analyst Warns of Prolonged Oil Market Tightness Post-Iran Conflict
Kojo Orgle, an analyst at ICIS, has indicated that the global oil market may experience prolonged tightness even if the conflict with Iran is resolved quickly. The ongoing disruptions in the Strait of Hormuz have pressured stockpiles, shipping patterns, and refinery supply chains. Orgle noted that while initial disruptions were mitigated by pre-existing tanker deliveries, these supplies have now mostly reached their destinations, leading to declining stockpiles. Despite the tightening market, Orgle anticipates a potential diplomatic agreement driven by economic pressures on the U.S. and Iran, and China's interest in reviving Persian Gulf supply flows. However, he cautioned that even with a resolution, physical market tightness could persist for over three months due to the time needed for tankers to reposition and for insurance markets to stabilize. 
