Two weeks ago traders saw a 60% chance that the Strait of Hormuz would open before August. Now traders see a higher chance that it will open before 2027.

Two weeks ago traders saw a 60% chance that the Strait of Hormuz would open before August. Now traders see a higher chance that it will open before 2027.

EIA forecasts Strait of Hormuz traffic won't normalize until early 2027. Normal traffic by June 15, 2026 at 1.0% YES.