BANDAR ABBAS : Oil flows going through the Strait of Hormuz may recover to only about 70 per cent of their pre-war level, according to Goldman Sachs Group Inc, which highlighted regional producers leaning on alternative routes.
“This normalisation in gulf exports to pre-war levels might be achieved with a 13-million-barrel-a-day increase in Hormuz flows from current levels,” analysts including Yulia Zhestkova Grigsby wrote in a June 17 note entitled “70 per cent of Pre-War Hormuz Flows Might Become the New 100 per cent . . .
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