Hormuz relief may not ease the economic toll that’s already ‘baked in,’ analysts warn

AI Summary

The reopening of the Strait of Hormuz following a U.S.-Iran memorandum has alleviated the immediate threat to global energy supply. However, analysts warn that the economic toll from months of conflict in the region will persist for several months before full recovery.

Early signs that the Strait of Hormuz is reopening have eased the most acute threat to global energy supplies, but economic damages from the nearly four months of war will take months to unwind, analysts warned. The U.S. and Iran signed a memorandum Thursday to open the Strait of Hormuz, ending a war that has ...