Bob McNally predicts it will take at least three to four months for oil production and transit to normalize after a deal, while repairs to LNG facilities could take years.

European refiners are reducing their operating runs because refining margins have turned negative.

Bob McNally believes China's economic and financial ties with the Gulf Cooperation Council countries are more significant than its relationship with Iran.

Bob McNally predicts there will eventually be a comprehensive settlement between the US and Iran covering nuclear issues, missiles, proxies, and frozen assets, leading to the lifting of blockades.

Bob McNally of Rapidan Energy Group has outlined a scenario where a significant increase in energy prices could lead to a major negative impact on economic growth, raising the possibility of a recessi...

China has stockpiled between 1.2 and 1.3 billion barrels of crude oil, providing a significant buffer against current supply disruptions.

Bob McNally believes the conflict between the US and Iran must get worse before it gets better.

A prolonged conflict in the Persian Gulf risks extensive damage to physical energy infrastructure, which would extend the recovery of oil flows beyond the currently estimated three to four months.

China is managing the oil supply disruption better than many of its Asian neighbors due to its large crude inventories of 1.2 billion barrels.

Bob McNally does not expect China to militarily challenge the US blockade of Iran.

Bob McNally believes Iran realizes it will not be permitted to act as the long-term 'tollkeeper' of the Strait of Hormuz.

China is managing the loss of approximately 1.6 million barrels per day of Iranian oil by drawing down its strategic stocks and cutting refinery runs.

Bob McNally of Rapidan Energy Group asserts that the Strait of Hormuz remains effectively closed because Iran requires ships to comply with its armed forces for passage.

Bob McNally expects that either a ceasefire will allow a full resumption of Hormuz flows in the coming weeks, or the U.S. military will degrade Iran's ability to interrupt shipping.