BUSINESSFORTUNE
Filling up your car won’t feel normal until next summer, S&P says
The U.S. and Iran announced a deal to reopen the Strait of Hormuz, easing long-term oil supply concerns, but energy analysts predict physical crude markets will remain tight until summer 2027 due to infrastructure repairs and shipping risks. S&P Global estimates supply losses will exceed 1.5 billion barrels by June, with full production normalization delayed.
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Adjacent reporting
- The Strait of Hormuz is finally reopening, but energy flows may not get back to normal until next year
- Saudi Aramco CEO says oil market won't normalize until 2027 if Hormuz disruption persists
- Oil and gas supplies could take months to return to normal after Iran deal, energy experts say
- Oil and gas supplies could take months to return to normal after Iran deal, energy experts say
- Oil and gas supplies could take months to return to normal after Iran deal, energy experts say