Strait of Hormuz will partially reopen in 2-3 weeks: David Roche

Quantum Strategy's David Roche says oil reserves are sufficient to meet world demand and that 'the world won't run out of oil,' easing long-term supply concerns for energy markets. He also argues Iran cannot afford to escalate the war further and is unlikely to militarily contest the Strait of Hormuz, reducing near-term geopolitical risk to oil flows and prices.

Analysis

Quantum Strategy's David Roche says oil reserves are sufficient to meet world demand and that 'the world won't run out of oil,' easing long-term supply concerns for energy markets. He also argues Iran cannot afford to escalate the war further and is unlikely to militarily contest the Strait of Hormuz, reducing near-term geopolitical risk to oil flows and prices.