Gulf oil output could bounce back in months after Hormuz reopens Goldman Sachs warns recovery remains uncertain

Reopening is just the start—bottlenecks could linger

Goldman Sachs says Gulf crude output may rebound quickly once the Strait of Hormuz reopens, with a possible recovery within months. Still, a full return to pre-war levels could take longer as ramp-up depends on pipeline capacity, available tankers, and field workovers. A longer closure could also cause lasting “capacity scarring,” delaying normalization.