• Source:JND

United States President Donald Trump has dropped a big hint on the end of the war with Iran, indicating that the conflict could end within the next two weeks. President Trump has also hinted that the war could end without an agreement to reopen the volatile Strait of Hormuz.

His remarks have raised concerns that disruptions to oil and gas supplies could persist even after the war ends. However, have warned that even if the war ends quickly, it may take a long time for the world to recover from the energy crisis.

Effect of stranded tankers

If the Strait remains closed even after the war, the impact of the tankers currently stranded at sea will be felt in the coming weeks. As per the estimate, the war ending within two weeks could take six to eight weeks for oil production and supply to return to normal due to logistical challenges.

Repairing oil and gas infrastructure to delay normalisation

Repairing oil and gas infrastructure, damaged during the war, will also take time. Some minor damage may be repaired quickly, but larger plants could take months or even a year to repair.

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Removing mines poses a challenge

The mines laid down by the Islamic Regime will be removed after the complete end of the conflict. Removing them will be a major challenge. The task is not only dangerous but also time-consuming.

Furthermore, it will also be necessary to remove the wreckage of damaged ships.

High logistical cost

The shipping costs for large oil-carrying vessels have also increased significantly during the war. The fares have reached over $400,000 per day, and in some cases, even reached $770,000 per day. Fuel, port charges, and other expenses further increase the cost. Therefore, it may take two to six weeks for shipping rates to return to normal.

Repercussions if war continues beyond two weeks

If the war doesn't end within two weeks and continues for longer, the situation could worsen further. Each additional week could add one to two weeks to the normalisation of supplies and prices. Beyond 13 weeks.

According to data from US agencies, if the supply disruption lasts for 13 weeks, it could take up to eight weeks to return to normal.

If the crisis lasts for 26 weeks, recovery could take three to four months.

ALSO READ: 'Strait Of Hormuz Will Be Opened, But…': Iran's National Security Commission Head Issues Stark Warning To Trump

What will be the impact on India?

The impact on India has been limited for now, as the country has established multiple supply options and is utilising strategic reserves. However, premium fuel and commercial gas prices have seen an increase. The situation has worsened in smaller countries like Pakistan, Bangladesh, and Sri Lanka, where fuel shortages and inflation have risen sharply.


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