GEOPOLITICS | Hormuz Reopening Seen Facing Costly Hurdles, CFR Fellow Says

Council on Foreign Relations Senior Fellow Clara Gillespie said Gulf energy flows face an uncertain recovery as producers work to clear ships, bring in tankers, restart halted output and repair damage to refineries, LNG facilities and ports, according to Bloomberg. Gillespie said the Strait of Hormuz remains unstable, with shipping still below prewar levels and US pressure on Iran complicating efforts to restore safe passage.