Goa, June 15 -- The expected reopening of the Strait of Hormuz after months of conflict between the US, Iran and Israel has raised hopes of easing pressure on global energy markets and supply chains. The narrow waterway, through which nearly 20 per cent of the world's oil once passed, remained shut for over 100 days, triggering soaring fuel prices, shipping disruptions and market volatility.

Once de-mining operations are completed, hundreds of oil and gas tankers stranded in the Persian Gulf are expected to resume voyages to Asian markets. The move will restore supplies from major exporters including Saudi Arabia, Iraq, the UAE, Kuwait and Qatar. Fertiliser shipments, cooking gas and petrochemical products are also likely to return to no...