OPEC+ Told Hormuz Oil Disruption to Persist Through Year End

Oil industry experts informed OPEC+ that supply disruptions from the Strait of Hormuz closure will continue until year-end, regardless of when the waterway reopens. This affects global oil supply routes through a critical chokepoint. Oil-exporting currencies like CAD, NOK, and RUB could strengthen from sustained supply concerns and higher oil prices. Energy importers including JPY and EUR may weaken as prolonged disruptions increase inflation pressures.