Just a few tankers are passing through the Strait of Hormuz, as the U.S. Navy blocks Iran's coast and Tehran threatens to retaliate against ships in the Gulf.

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It will take "a few months for things to come back" once the Strait of Hormuz is no longer effectively closed, Banga said.

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The investment bank said volumes will reach an estimated $240 billion in 2026 and grow at a 80% compound annual rate between 2025 and 2030.

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