Global oil markets are set to see a surplus once the Strait of Hormuz reopens. Fitch Ratings predicts this despite current price hikes. The closure is a temporary supply shock, not a permanent production loss. Markets are expected to return to oversupply by September 2026. This will be driven by Middle Eastern production recovery and non-OPEC supply growth.

HOUSTON/NEW YORK, June 5 : Global oil inventories are running dangerously low as a deal to re-open tanker traffic through the Strait of Hormuz has proven elusive, and industry…

Global oil inventories are running dangerously low as a deal to re-open tanker traffic through the Strait of Hormuz has proven elusive, and industry executives and analysts warn…

Oil importers in Global South to feel supply shortage heat, analysts say

Global oil markets are set to see a surplus once the Strait of Hormuz reopens. Fitch Ratings predicts this despite current price hikes. The closure is a temporary supply shock,…

The reopening of the Strait of Hormuz could trigger a faster-than-expected recovery in global oil supplies. With tankers already positioned near the Gulf and oil infrastructure…

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.

Fitch expects Brent crude to stay between $100-110 due to Hormuz closure. Traffic normal by June 15 at 1.2% YES.

Oil prices are likely to rise further as the Strait of Hormuz remains closed, and once it opens, the market will take months to normalize.

Global oil markets are set to return to oversupply soon. Fitch Ratings reports the Strait of Hormuz closure is a temporary supply shock. Prices are expected to fall sharply once…

The reopening of the Strait of Hormuz will be an extraordinary event, but the oil industry doesn't have a playbook for it, says Javier Blas for Bloomberg Opinion.

Oil prices may average at around $87 per barrel in 2026 as the reopening of Strait of Hormuz in the coming months would ease crude supplies globally, says Fitch Ratings. Global…

One bank says it is increasingly likely that Hormuz never fully reopens and that the debate needs to shift to shape of "new normal" - in that world, tank bottoms would be reached…