Business

Strait of Hormuz Traffic Disruptions Persist

Updated 2026-06-08 16:00 UTC 1 source Negative

Traders predict that traffic in the Strait of Hormuz will not return to normal until late 2027. The ongoing issues could have significant implications for global oil markets.

Coverage timeline — 2 articles

CNBC

Strait of Hormuz traffic won't return to normal until end of the year, traders say

Two weeks ago traders saw a 60% chance that the Strait of Hormuz would open before August. Now traders see a higher chance that it will open before 2027.

2026-06-08 15:48 UTC

CNBC

Strait of Hormuz tanker traffic won't return to normal for months, Kalshi bettors predict

Prediction market bettors aren't confident that the vital Middle Eastern oil passageway will reopen anytime soon.

2026-03-24 17:21 UTC