World Is Responsible for Opening Hormuz Strait: Al-Kaabi

Qatari Energy Minister Saad al-Kaabi believes the world is obligated to open the Strait of Hormuz to meet global energy demand. He anticipates a potential deal between the US and Iran will unlock exports and alleviate the acute levels of hydrocarbon product shortages, driving up prices. Al-Kaabi predicts a rapid convergence of paper and physical prices, potentially leading to $8 per gallon gasoline in the US by July.