Gulf oil output can rebound in months after Hormuz reopens, but full recovery faces risks, says Goldman Sachs

New Delhi [India], April 25 (ANI): Gulf crude oil production could largely recover within a few months of the Strait of Hormuz reopening, Goldman Sachs research said in a report. However, it added that a complete return to pre-war levels may take longer and the crude oil production is likely to face heightened risks if the closure of the crucial waterway and tensions in West Asia continue for a longer period.