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Goldman Sachs: Strait of Hormuz recovery likely under 70%
Goldman Sachs Group expects the recovery rate of oil flows through the Strait of Hormuz not to exceed 70% compared to pre-war levels, due to producers in the region using alternative export routes to ensure their supplies. Oil flows through the strait are expected to reach pre-war levels with an increase of 13 million barrels per day, with the rise fully completed by the end of next month and a complete recovery by October. At the same time, Gulf countries are diversifying their oil export methods through new ports and pipeline routes to reduce dependence on the strait.
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