Exxon Mobil CEO: It will take one to two months for oil supply to reestablish after the strait opens
CNBC Television·2026-05-01 19:30
Our expectation is over time, we'll see prices respond to that unprecedented disruption. Once the straight opens up, it'll take one to two months for for the flow to reestablish itself. And then within that time, it's going to take you know, transit time to get the barrels out of the the Persian Gulf and to the demand destinations. The customers are going to It usually takes about a month of transit time. So, there will be a time where it takes for the market to recover. ...