Reopening of the Strait of Hormuz, Will It Alleviate the Oil Crisis?

With Iran reopening the Strait of Hormuz, there are signs that the oil crisis is somewhat easing. However, the energy and shipping industries maintain that it will be difficult to fully restore transportation and production activities unless hostile actions are completely halted. The recent 10% drop in Brent crude prices is not unrelated to Iran's announcement, but for long-term stability, a sustained peaceful situation is deemed necessary. Therefore, if the current state of suspended operations persists, uncertainty in the oil market is expected to continue.