Morgan Stanley: Our assumption is that exports through the Strait of Hormuz will remain sluggish in April, recover to about 70% of the previous decline between May and July, and not return to normal until October.

2026-04-13

Morgan Stanley: Our assumption is that exports through the Strait of Hormuz will remain sluggish in April, recover to about 70% of the previous decline between May and July, and not return to normal until October.