Tanker traffic via the Strait of Hormuz may never fully recover to pre-war levels thanks to alternative routes that oil producers in the Middle East have tapped amid the crisis, Goldman Sachs analysts have warned.
“This normalization in gulf exports to pre-war levels might be achieved with a 13-million-barrel-a-day (bpd) increase in Hormuz flows from current levels,” analysts wrote in a June 17 note entitled “70% of Pre-War Hormuz Flows Might Become the New 100%.”
Tanker traffic via the Strait of Hormuz may never fully recover to pre-war levels thanks to alternative routes that oil producers in the Middle East have tapped amid the crisis, Goldman Sachs analysts have warned.
“This normalization in gulf exports to pre-war levels might be achieved with a 13-million-barrel-a-day (bpd) increase in Hormuz flows from current levels,” analysts wrote in a June 17 note entitled “70% of Pre-War Hormuz Flows Might Become the New 100%.”
