Energy executives and analysts are warning that oil and gas prices will likely rise significantly as the Strait of Hormuz remains closed and stubborn demand burns through strategic reserves.

Analysts believe that if the Strait of Hormuz does not open for maritime traffic by early August, gas and LNG prices could soar.

Energy executives and analysts are warning that oil and gas prices will likely rise significantly as the Strait of Hormuz remains closed and stubborn demand burns through…