Analysts’ Iran crystal balls get murkier

Tensions between the US and Iran over the Strait of Hormuz are creating uncertainty in global energy markets, with conflicting statements from both sides and mixed analyst predictions about military escalation risks and oil price impacts. While some analysts predict the strait will reopen by June, others estimate a 70% chance of renewed military conflict, potentially disrupting oil supplies through July. New infrastructure projects are being developed to bypass the strait and reduce dependence on this critical waterway.