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Welcome to Dispatch Energy! For weeks, diplomatic efforts to extend the ceasefire in Iran and reopen the Strait of Hormuz have floundered, with the Islamic Republic threatening to call off talks altogether in response to the latest round of fighting between Israel and its Lebanese proxy, Hezbollah. Even if Washington and Tehran do reach another memorandum of understanding (MOU) to halt the conflict soon, fully restoring energy shipments through the strait could take months or more.
Regardless of whether the reopening of the strait begins next week, next month, or next year, it is valuable to think through the arduous process of unwinding the Iran war shock. Let’s dig in.
Emptying (and Refilling) the Strait
