Middle Eastern oil producers are increasingly relying on alternative export routes, leading Goldman Sachs to predict that tanker traffic through the Strait of Hormuz may only recover to about 70% of pre-war levels.

Strait of Hormuz traffic disruptions will last weeks, with normalization by June 15 at 0.2% YES and by July 15 at 40.5% YES.

Goldman Sachs predicts oil shipments through the Strait of Hormuz may only reach 70% of pre-war levels. Full recovery by June 15 at 0.2% YES.