Fitch Ratings predicts global oil markets will revert to oversupply after the Strait of Hormuz reopens, attributing recent price surges to a temporary logistical supply disruption.
The agency said that this disruption is more of a temporary logistical supply shock
Jun 08, 2026
01:10 pm
What's the storyFitch Ratings has predicted that the global oil market will return to oversupply after the reopening of the Strait of Hormuz.
The forecast comes after a recent spike in oil prices due to the strategic waterway's closure.
Oil market likely to return to oversupply after Hormuz reopens: Fitch Ratings
Fitch sees global oil markets returning to oversupply after Hormuz reopens
Strait of Hormuz closure: Why high oil prices may be a temporary shock only - explained
From chokepoint to crisis: The Strait of Hormuz and global oil markets | Brookings
Analysis:Global oil inventories depleted, next price spike could roil economies, markets
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Depleted oil inventories raise spectre of fresh price spike
Fitch expects Brent to stay at $100-110/barrel in June-July during Hormuz closure
Commentary: Brace for a flood of oil as soon as Hormuz reopens
How trade and energy turmoil could deepen if Strait of Hormuz remains closed until September | The National
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