Elizabeth Troval

Imagine it's mid-April.

Imagine it's mid-April.

Military actions against Iran have stopped.

Military actions against Iran have stopped.

Now?

Now?

Gregory Brew with Eurasia Group says the next milestone is opening up the Strait of Hormuz, which Iran now controls.

Gregory Brew with Eurasia Group says the next milestone is opening up the Strait of Hormuz, which Iran now controls.

And there's a lot TBD on how and when that might happen.

And there's a lot TBD on how and when that might happen.

The future of the Strait looks messy, says Joe DeLauro with Rabobank.

The future of the Strait looks messy, says Joe DeLauro with Rabobank.

All that oil production that is turned off during wartime can't get turned back on overnight, even in an optimistic scenario, says Claudio Gallimberti with Reistat Energy.

All that oil production that is turned off during wartime can't get turned back on overnight, even in an optimistic scenario, says Claudio Gallimberti with Reistat Energy.

So how long will it take to get to pre-war production?

So how long will it take to get to pre-war production?

If it's out two and a half months, it will take another two and a half months to get back to normal.

If it's out two and a half months, it will take another two and a half months to get back to normal.

All of this means that for prices, we won't see barrels in the 60s anytime soon.

All of this means that for prices, we won't see barrels in the 60s anytime soon.