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Former Head of German Oil and Gas Company Expects Long-Term Implications of Hormuz Strait Crisis

May 27, 2026AL24 | الاقتصادal24news.dzTranslated from Arabic
Former Head of German Oil and Gas Company Expects Long-Term Implications of Hormuz Strait Crisis

Rainer Seele, former head of the German oil and gas company 'Wintershall', told the German newspaper Handelsblatt that global supply chains will need months to recover even if the Hormuz Strait is reopened. The former president of 'Wintershall' explained to the newspaper in a report published yesterday, Tuesday, that 'the recovery of supply chains does not happen overnight, but will take months.' The United States and Iran are …

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