Strait of Hormuz is reopening faster than expected, says Morgan Stanley as it cuts oil-price target
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Morgan Stanley oil analysts report that the Strait of Hormuz is reopening faster than expected, prompting a revision downward of oil price targets for this year and next. This development may influence global oil supply routes and market forecasts.
The Strait of Hormuz is reopening faster than expected, oil analysts at Morgan Stanley said as they cut their oil-price view for this year and next.
Markets Commodities Energy Shipping Strait of Hormuz oil prices Morgan Stanley oil analysts energy market shipping routes