S&P Global Ratings has warned that while the official reopening of the Strait of Hormuz reduces immediate tail risks for global trade, the normalization of supply chains will be a costly and uneven process.
The rating agency’s assessment comes as the critical waterway, which had been obstructed, officially resumes navigation for vessels.
The return to normal oil flows is not expected to happen overnight.
According to Handelsavisen’s archive context, the waterway remains partially obstructed, and the restoration of full operational capacity is likely to be stretched over months rather than days.
This prolonged transition period means that market participants should not anticipate an immediate collapse in risk premiums or a sudden surge in throughput.
S&P’s analysis highlights that the path to stability will be fraught with friction.