Will reopening the Strait of Hormuz quickly ease oil, LNG and inflation pressures, or will the economic fallout from the three-month closure linger for years?

Acccording to the analysis by Rapidan Energy Group, if the Strait reopens in July, an average oil demand reduction of 2.6 million barrels a day and the spot-market price for…

The closure of the Strait of Hormuz since March 4, 2026, has disrupted global oil flows, with IEA chief Fatih Birol warning of worsening market conditions.