Hormuz Reopening Faces Costly Hurdles

Senior Fellow at the Council on Foreign Relations Clara Gillespie says Gulf energy flows face an uncertain recovery as producers work to clear ships, bring in tankers, restart halted output and repair damage to refineries, LNG facilities and ports. She says the Strait of Hormuz remains unstable, with shipping still below prewar levels and US pressure on Iran complicating efforts to restore safe passage. (Source: Bloomberg)