The US Energy Secretary, Chris Wright, stated on Tuesday that it would take several months for normal conditions to return once the Strait of Hormuz reopens.
Wright also mentioned that vessel traffic and oil shipments through the strait are increasing and will continue to rise, though he declined to provide specific figures.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments