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As part of its recent first-quarter Energy Survey, the Dallas branch of the U.S. Federal Reserve produced a set of supplementary survey results compiled by asking various executives at oil and gas firms about their outlook regarding the future of the Strait of Hormuz and the war in the Middle East.
While several of the survey results were concerning outlooks, the chart prominently featured at the start of the supplementary report was the most impressive.
When asked, “By when do you expect traffic through the Strait of Hormuz to return to normal levels?”, 20% said by May, 39% by August, 26% by November, and 14% still later.
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About the author
Tarric is an Australian freelance journalist and independent analyst who covers economics, finance, and geopolitics. Tarric is the author of the Avid Commentator Report. His works have appeared in The Washington DC Examiner, The Spectator, The Sydney Morning Herald, News.com.au, among other places.