IMF Sees Oil Prices Ease, Not Plunge, as Hormuz Shipments Resume
Updated
Updated · Economy Middle East · Jun 18
IMF Sees Oil Prices Ease, Not Plunge, as Hormuz Shipments Resume
3 articles · Updated · Economy Middle East · Jun 18
Summary
Kristalina Georgieva said oil prices should ease rather than fall sharply after an interim US-Iran peace deal reopened shipments through the Strait of Hormuz.
Hormuz flows are gradually improving global supply, she said, while countries that had drawn down inventories are starting to rebuild reserves as more crude becomes available.
Maritime traffic through the chokepoint still needs time to normalize because port coordination, routing schedules and other logistics must adjust before shipping stabilizes.
That phased recovery means improved transit will not immediately restore full market equilibrium, with shipping reliability and stockpiling policy set to shape prices in the near term.