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Market Chatter: Analysts Warn OPEC of Prolonged Shipping Disruptions Despite Hormuz Reopening

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Oil industry experts warned the Organization of the Petroleum Exporting Countries and its allies that flows through the Strait of Hormuz will remain disrupted through year-end even if the chokepoint reopens immediately, Bloomberg reported Tuesday, citing sources.

It will take "many" months for shipments to return to pre-war levels, consultants and analysts reportedly said during a technical meeting at OPEC's Vienna headquarters on Monday.

OPEC did not immediately respond to' request for comment.

S&P Global, FGE NexantECA, Vortexa, Kpler, and Energy Aspects were among the scheduled presenters at the meeting, according to the news agency. The sources did not specify which firms made the comments about the resumption of oil flows.

Last month, Abu Dhabi National Oil chief executive Sultan Al Jaber reportedly said that, even if the conflict ends promptly, it will take four months for flows to reach 80% of pre-war levels, while shipments may fully return in H1 2027.

OPEC's Economic Commission Board will meet on Tuesday, prior to a ministerial meeting on June 7.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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