Baker Hughes said reopening the Strait of Hormuz could take months, while a Dallas Fed Energy survey found nearly 80% of oil and gas executives expect the strait to remain closed until August or later. The disruption raises meaningful risks to global oil flows and broader energy and commodity prices, with potential spillovers into shipping and supply chains.
Baker Hughes said reopening the Strait of Hormuz could take months, while a Dallas Fed Energy survey found nearly 80% of oil and gas executives expect the strait to remain closed until August or later. The disruption raises meaningful risks to global oil flows and broader energy and commodity prices, with potential spillovers into shipping and supply chains.
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