NYTIMES (Rebecca F. Elliott) - 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.
Analysts said energy and shipping companies would be reluctant to fully restore operations until they were confident that hostilities were over.
Iran swiftly reversed course on reopening the Strait of Hormuz, reimposing restrictions on the critical waterway on Saturday after the U.S. said it would not end its blockade of Iran-linked shipping.
Iran's military said on Saturday the Strait of Hormuz has "returned to its previous state." The announcement came after President Trump had said the blockade on Iranian ports would remain in place.
Iran's military said on Saturday the Strait of Hormuz has "returned to its previous state." The announcement came after President Trump had said the blockade on Iranian ports would remain in place.Open
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(Image credit: Stephanie Scarbrough/AP; David A. Lieb/AP; Ryan M. Kelly/AP; Stephen Spillman/AP; George Hale/WFIU; Chris Samuels/Pool/The Salt Lake Tribune)Open