Fitch sees durable Strait of Hormuz reopening by early 2027, supports MENA ratings

Fitch Ratings projects a durable agreement to reopen the Strait of Hormuz by early 2027, citing higher oil prices, recovering exports, and financial buffers as supporting MENA sovereign ratings despite ongoing conflict. The forecast implies a de-escalation of regional tensions, but the timeline remains uncertain and contingent on diplomatic progress.