Hormuz crisis may leave millions of barrels unrecovered
By The BriefBrief
Petroleum geologist Art Berman warns that about 8 million barrels of Persian Gulf oil production are shut in near the Strait of Hormuz and may not fully recover even if a ceasefire reopens shipping. He says restarting some wells could take months and others may never return to full output.
WHO:Art Berman
WHAT:Warned that shut-in Persian Gulf oil production near the Strait of Hormuz may not fully recover and that some wells could take months to restart.
WHEN:Reported Aug 23, 2026 at 6:00 AM ET
WHERE:Persian Gulf (near the Strait of Hormuz)
WHY:The Strait of Hormuz remains affected by the crisis, leaving millions of barrels of production shut in and complicating well restart timelines.
Reporting from 1 identified publisher for this event.
