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International Business Times UK
International Business Times UK
Niloy Chakrabarti

Kevin O'Leary Predicts the Strait of Hormuz Crisis Will be Resolved in The Next 30 Days

Kevin O'Leary says a multi-nation effort is essential to keep the Strait of Hormuz open. (Credit: The Diary Of A CEO/YouTube)

Amid reports that Iran could keep the Strait of Hormuz closed for up to six months, Shark Tank star Kevin O'Leary believes data from his Abu Dhabi office indicates that the issues surrounding the blockage could be addressed in 30 days.

In a recent interview with CNN, O'Leary said he liked history as his guide and that for the Hormuz blockage to really impact the US economy and drive sustained inflation, oil prices must be at least $93 per barrel for at least three months.

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