EconomyOil supply recovery to take 2-3 months even if Strait of Hormuz reopens — IMF
The International Monetary Fund says restoring oil supplies could take two to three months even if the Strait of Hormuz reopens. The report identifies a longer-term concern: production stoppages lasting for an extended period could result in permanent losses of output. The warning focuses on the difficulty of quickly returning supply to previous levels after a prolonged interruption. It links the duration of the disruption to the possibility of lasting damage to production capacity.
Oil supply recovery to take 2-3 months even if Strait of Hormuz reopens — IMF