Strait of Hormuz closure: Why higher oil prices may only be a temporary setback – explained & more related News Here
The disruption has resulted in a temporary supply disruption driven by logistics issues rather than a permanent reduction in oil production. (AI image) Fitch Ratings says oil prices could average around $87 a barrel in 2026 as the reopening of the Strait of Hormuz will reduce global crude supply in the coming months. Despite a…