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.

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…