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Strait of Hormuz may not fully reopen until second half of 2026, Baker Hughes says

RD · r/energy 📍 GLOBAL 12h ago

Strait of Hormuz may not fully reopen until second half of 2026, Baker Hughes says

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Top oil analyst guarantees that the next few months ‘will be an ongoing, absolute disaster’ even if the Strait of Hormuz opens tomorrow. Oil futures have been totally disconnected from reality, but a reckoning is imminent. “Over the coming months, this is going to unfortunately deteriorate badly."

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Top oil analyst guarantees that the next few months ‘will be an ongoing, absolute disaster’ even if the Strait of Hormuz opens tomorrow. Oil futures have been totally disconnected from reality, but a reckoning is imminent. “Over the coming months, this is going to unfortunately deteriorate badly."

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China stockpiled huge amounts of oil before Iran war. China added heavily to its oil reserves in 2025 when prices were low - now at 1.4B barrels. It also owns over 70% of global solar, wind, battery and EV supply chains, which are surging. China's moves last year are looking increasingly prescient.

RD energy 1d ago

China stockpiled huge amounts of oil before Iran war. China added heavily to its oil reserves in 2025 when prices were low - now at 1.4B barrels. It also owns over 70% of global solar, wind, battery and EV supply chains, which are surging. China's moves last year are looking increasingly prescient.

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