Dallas Fed poll: Hormuz turmoil likely to persist, shaping oil costs and output

A Dallas Fed survey of 116 oil and gas executives finds the Strait of Hormuz disruption is likely to linger through August, keeping shipping costs elevated and offering little offset from U.S. output; executives remain wary of a quick market rebound, expect modest U.S. production gains this year and next, and cite a price environment around $94 per barrel with ongoing risk of future Hormuz disruptions despite White House assurances.