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Hormuz Crisis Masks Longer Oil Risk
A petroleum geologist warns that millions of barrels of oil production in the Persian Gulf remain shut in, presenting a long-term challenge beyond the recent maritime disruptions in the Strait of Hormuz. Restoring affected wells is complex and may take weeks or months, with some production unlikely to fully recover. Experts suggest that even if political agreements are reached, the technical difficulties in restarting oil fields could cause lasting impacts on the global energy system.
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