Fitch Ratings Sees Strait of Hormuz Reopening in July
AI Summary
Fitch Ratings anticipates the reopening of the Strait of Hormuz in July, signaling a potentially positive outlook for the oil market. This forecast follows current geopolitical developments affecting energy supply chains.
Fitch Ratings' Angelina Valavina discusses the outlook for the oil market, saying the firm's current assumption is for the Strait of Hormuz to reopen in July. She speaks on Bloomberg Television. (Source: Bloomberg)
Markets Commodities Energy Fitch Ratings Strait of Hormuz oil market energy outlook oil supply geopolitics Bloomberg