20 Hrs
Source:
المشهد العربي
Goldman Sachs: Oil transit via Hormuz back to October levels
A report from Goldman Sachs indicates that oil flows through the Strait of Hormuz will decline to less than 70% of pre-war levels, as many producers shift toward safer alternative shipping routes. Gulf Cooperation Council countries are expected to restore their production levels to previous highs by October, but resuming oil flows will require a massive increase of approximately 13 million barrels per day.
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