Full oil flows through the Strait of Hormuz are unlikely to resume before the first or second quarter of 2027, even if the current Middle East conflict were to end immediately, the chief of the United Arab Emirates’ state oil firm has warned.
Sultan Al Jaber, the CEO of ADNOC, said it would take “at least four months to get back to 80% of pre-conflict flows” even if the conflict ended tomorrow, while full flows would not return before the first or even second quarter of 2027.
