IMF expects Strait of Hormuz to open by mid-July
AI Summary
The IMF expects the Strait of Hormuz to reopen by mid-July, though geopolitical uncertainty is anticipated to continue throughout the coming year. This key maritime chokepoint remains critical for global oil shipments.
The Fund expects geopolitical uncertainty to persist throughout the coming year
World Politics Commodities Energy Shipping IMF Strait of Hormuz geopolitical uncertainty oil shipments maritime chokepoint