Iran war could last deep into 2027 as the Strait of Hormuz isn't that closed, allowing more oil out - Fortune
Iran war could last deep into 2027 as the Strait of Hormuz isn't that closed, allowing more oil out - Fortune
Source: Fortune
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DW NOTE
Fortune now projects the Iran conflict lasting "deep into 2027" because the Strait isn't fully closed — 9 ships got through on August 20 versus the usual 73. That 88% reduction has already cut global supply by 4.3 million barrels per day and driven oil to structural shortage, per the IEA. The logical leap here is remarkable: because the chokepoint isn't hermetically sealed, the war that created the chokepoint will stretch years. By this reasoning, partial shipping access guarantees prolonged conflict rather than accelerating its resolution.