Larry C. Johnson: Even If the Strait of Hormuz Opens, the Damage to the Persian Gulf Energy Infrastructure is Enormous

However, let’s assume that an agreement is reached on Friday and that oil and LNG tankers are allowed to exit the Gulf via the Strait of Hormuz. Even if a deal is struck, it will be months, possibly years, before the Gulf arabs return to normal because of the damage to the equipment that pumps and stores oil.

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