Saudi Finance Minister Al Jadaan says opening the Strait of Hormuz announcement is a good thing; will take a bit of time for producing countries to ramp up at this point

Minister Al Jadaan’s comments suggest cautious optimism regarding the Strait of Hormuz, which is crucial for oil exports.

Newsquawk StaffPublished 17 Apr 2026, 16:59 UTCOn the live feed at 16:39 UTC — 5 more headlines followed before this page went public

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16:47

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16:42

The head of the International Maritime Organization told Al Jazeera: I urge caution regarding crossing the Strait of Hormuz, and we need guarantees.

16:39

Saudi Finance Minister Al Jadaan says opening the Strait of Hormuz announcement is a good thing; will take a bit of time for producing countries to ramp up at this point

16:36

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Hopes ceasefire will be extended, until then, does not think insurance companies will respond.
Certain countries will be able to restore ability to produce and export quickly, others will need a lot more time.
Due to shortages in physical oil market, buyers are still willing to pay a premium.

Context

The distinction between countries that can quickly ramp production and those that cannot could lead to uneven supply dynamics, further supporting premiums in the oil market amidst ongoing shortages. This scenario is particularly relevant as it may influence traders' positioning in energy-related assets and broader market sentiment.

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