
Baker Hughes: Strait of Hormuz Unlikely to Fully Open Until 2026
Baker Hughes has forecast that the Strait of Hormuz will not achieve full operational capacity until the second half of 2026, citing potential extensions of the U.S.-Iran conflict. This assessment is supported by a survey from the Federal Reserve Bank of Dallas, where nearly 80% of oil and gas executives anticipate disruptions lasting until August or beyond. CEO Lorenzo Simonelli highlighted that geopolitical risk is now a structural feature of the market. He noted that current disruptions have already impacted 10% of global oil volumes and 20% of LNG supplies, suggesting sustained price premiums.






















