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What happens if Hormuz reopens by end July? Fitch predicts sharp oil price correction | Collector
What happens if Hormuz reopens by end July? Fitch predicts sharp oil price correction
Business Today

What happens if Hormuz reopens by end July? Fitch predicts sharp oil price correction

The global oil market is closely watching the Strait of Hormuz, with Fitch Ratings assuming the key shipping route will reopen by the end of July 2026. If that happens, the agency expects crude prices to fall sharply as supply disruptions ease and market oversupply returns.

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