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Stock impact report

Hormuz reopening won't get oil markets back to normal right away [Advisor.ca (Canada)]

S&P Global Inc. (SPGI) 
Last s&p global inc. earnings: 4/28 07:10 am Check Earnings Report
US:NYSE Investor Relations: stocktwits.com/symbol/s
Company Research Source: Advisor.ca
Energy industry experts say it could be a while before any calm returns to rattled oil markets after Iran's top diplomat declared the Strait of Hormuz “completely open” to commercial traffic that had all but ceased when war engulfed much of the region seven weeks ago. “It will take several weeks, actually, for things to start getting back to normal,” said Werner Antweiler, associate professor at the University of British Columbia's Sauder School of Business. Insurers and shipping companies still have to sign off on its being safe for vessels to move through the waterway, he said. “The Iranians said they will not harass the ships, but there still may be mines that haven't been fully cleared yet,” said Antweiler, whose specialties include energy economics and international trade. U.S. President Donald Trump said on social media the American blockade on Iranian ships and ports “will remain in full force” until Iran reaches a deal with Washington to end the war, adding further un Show less Read more
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