Reopening Strait of Hormuz Would Ease Oil Crisis but Only So Much
Analysts said energy and shipping companies would be reluctant to fully restore operations until they were confident that hostilities were over.

WHAT’S HAPPENING TODAY: Good afternoon and happy Friday, readers! There’s some notable news out of the Middle East today. Iran has reopened the Strait of Hormuz, allowing commercial ships to pass through. 🛢️🚢🇮🇷 The move comes as the Trump administration continues working toward a deal with Tehran, with just a few days left before the…
Analysts said energy and shipping companies would be reluctant to fully restore operations until they were confident that hostilities were over.
NBC News correspondents Brian Cheung, Monica Alba, Richard Engel and Courtney Kube report on Iran’s decision to open the Strait of Hormuz to commercial traffic. Energy industry analyst John Kilduff breaks down how oil markets are reacting to the announcement.
The blockage to energy supplies through the Persian Gulf appears to have ended. If it holds, it takes a massive weight off the world economy.Why it matters: The possibility of a prolonged disruption to the supply of crude oil, liquefied natural gas, fertilizer and other commodities looks to be off the table.The Trump administration's strategic move from…
U.S. gas prices jumped past an average of $4 a gallon for the first time since 2022 in late March.