Saxo Bank: Oil Prices May Undergo Sharp Correction as Structural Market Tightness May Persist

She added that the issue of freedom of navigation in the strait remains unclear, as Iran still insists that vessel passage must be coordinated with its armed forces, rather than appearing to have fully and completely reopened. Multiple energy facilities in the Gulf Energy System have been attacked, and the timeline for damage assessment, repairs, and full restoration of output all remain uncertain. She further noted that the time required for normalization of shipping, insurance, and the physical supply chain may be longer than the overall trend of oil prices suggests.