Krishnan: Bypassing Hormuz Won’t Displace Gulf Oil

AI Summary

Oil prices are experiencing the longest losing streak in over a year as Saudi Arabia restarted a key pipeline amid U.S.-Iran talks to end the Middle East war. Mekala Krishnan of McKinsey Global Institute discussed the impact of disruptions in the Strait of Hormuz on oil markets.

Oil headed for the longest losing streak in more than a year, as Saudi Arabia moved to restart a key pipeline and the US flagged progress in talks with Iran to end a war that’s rocked the Middle East since March. Mekala Krishnan, Partner at McKinsey Global Institute spoke to Bloomberg’s Abeer Abu Omar on Horizons Middle East & Africa about the disruption in the Strait of Hormuz and its impact on oil. (Source: Bloomberg)