The Straits Times
AsiaPac · 35 mins ago
✦ 72◉ Centre
US government's energy arm assumes Strait of Hormuz will stay shut through late May
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AI Analysis
Accuracy 72/100
Partisan intensity 25/100
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◉ Centre ✓ Fair headline
The U.S. Department of Energy's statistical arm forecasts the Strait of Hormuz will remain effectively closed through late May, with gradual traffic resumption expected in June, leading to higher U.S. motor fuel price projections.
US government's energy arm assumes Strait of Hormuz will stay shut through late May
NEW YORK, May 12 - The U.S. Department of Energy's statistical arm on Tuesday said it assumes that the Strait of Hormuz will be effectively shut through late May and traffic will resume gradually from next month, prompting the agency to hike its forecasts for U.S. motor fuel prices.
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