The Persian Gulf’s energy system will take months to recover from recent strikes that have turned off 10% or more of the world’s oil supply. Reopening the Strait of Hormuz, a key goal for US-led cease-fire efforts, is just the first step. Restarting operations requires inspecting pumps, replacing specialized equipment, and recalling employees scattered across the globe due to strikes in at least nine countries, including Iran and the UAE.
Source: https://www.nytimes.com/2026/04/08/business/energy-environment/iran-war-oil-gas-prices-energy.html