#HormuzReopeningOutlook

About HormuzReopeningOutlook

Iran’s foreign minister said Oct 18 that its proposal to reopen Hormuz within 7 days remains valid, subject to conditions. Iran also said it has prepared responses to potential new actions, leaving regional uncertainty. Tanker attacks and shipping disruptions had pushed Brent above $110/bbl; oil fell ~1.7% toward $110 Oct 19. US Treasury Secretary Bessent said the US faces an energy shock and expects inflation pressures to ease once the conflict ends.