Strait of Hormuz could see 'full normalization' in 6 to 8 weeks [Yahoo! Finance]
MACQUARIE GROUP LTD S/ADR (MQBKY)
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Source: Yahoo! Finance
Oil prices ( CL=F BZ=F ) inch lower on Tuesday while WTI and Brent crude continue to sit above $100 per barrel. Macquarie Group global energy strategist Vikas Dwivedi dissects the Trump administration's latest remarks and what it means for the timeline for reopening the key shipping channel. Video Transcript Speaker A Is the response in the oil market today, Vikas, which is cautious. I'm what is that signaling? Is that telling investors that listen, even if the war ended tomorrow, that it would be some time before we would return to something resembling, you know, pre-war normal in terms of traffic when the Strait of Hormuz. Is that, is that the signal? Vikas It is the signal. And I think in this case, it wasn't so much what Iran said or didn't say. It was uh President Trump, you know, sending a message that maybe we the US would leave the uh, the area without Hormuz being reopened. And really on the ground and you guys were describing this in a previous segment, that does
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