Jeff Currie Says Hormuz Flows May Not Normalize Until End of the Year

Jeff Currie, executive co-chairman at Abaxx Markets, says “the uncertainty remains quite high” around the Strait of Hormuz as maintaining the US-Iran ceasefire will be challenging. Currie looks at what the interim agreement means for the global oil market, what’s behind the oil price drop, and how quickly Gulf nations can restore production. (Source: Bloomberg)