04/28/2026
Bells Will Ring Loudly if Doesn't Open in May
Analysts warn that a global recession is guaranteed if the Strait of Hormuz remains closed through May, as the market faces severe physical tightness and a potential five million barrel per day drop in global oil demand. With tentative negotiations between the U.S. and Iran faltering and physical oil prices trading at a significant premium, experts emphasize that the world is living on "borrowed time" until this critical energy artery is reopened.
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Alarm bells will ring loudly if the Strait of Hormuz does not reopen during May, SEB Chief Commodities Analyst Bjarne Schieldrop stated.