business
Oil flows through Hormuz will take time to recover, banks say
Key takeaways
- Shipments through the strait, through which about a fifth of global oil supply passes, were disrupted during the Iran conflict, sending oil prices sharply higher.
- Goldman Sachs said it expects Middle East Gulf exports to normalise to pre-war levels by the end of July, and crude production to recover by October.
- While ship availability is not a binding constraint on exports, cautiousness by shipowners could limit them, it said.
Oil flows through Hormuz will take time to recover, banks say Reuters Thu, June 18, 2026 at 9:41 PM GMT+7 1 min read CL=F June 18 (Reuters) - A recovery in oil flows through the Strait of Hormuz and oil production following the U.S.-Iran interim peace deal will take time, potentially several months, analysts at two banks said.
Shipments through the strait, through which about a fifth of global oil supply passes, were disrupted during the Iran conflict, sending oil prices sharply higher. Brent crude rose to as much as $126 a barrel in April, a four-year high.
Goldman Sachs said it expects Middle East Gulf exports to normalise to pre-war levels by the end of July, and crude production to recover by October.
Article preview — originally published by Yahoo Finance. Full story at the source.
Read full story on Yahoo Finance →
More top stories
Also covered by
Aggregated and edited by the Scoop newsroom. We surface news from Yahoo Finance alongside other reporting so you can compare coverage in one place.
Editorial policy · Corrections · About Scoop