Institution: Reopening of the Hormuz Strait expected to face challenges in logistics.

Analysts at Jiahong Capital Markets said in a report that, regardless of when it starts, the reopening of the Strait of Hormuz will still be a challenging logistics process. "Although we expect traffic to increase as ships seek to leave after being stranded in the Gulf waters for over 100 days, we believe it will take several more months to reach levels close to February 27," they said. The US-Iran conflict began on February 28. They added that until the bottleneck in the Strait of Hormuz is cleared, Gulf countries are able to accelerate the restoration process and fully restart production, inventory will continue to bear the burden.