Businesses worldwide remain skeptical that a fragile US–Iran ceasefire marks an end to the risks surrounding the Strait of Hormuz and its global repercussions, lobbyists say. Energy industry clients are concerned about the uncertainty and volatility, Bracewell’s Frank Maisano told Bloomberg Government.
“They just don’t know what is going to happen. And there is no way they can really predict what is going to happen,” Maisano said. “You’re going to see the energy sector stay in the same place where they’ve been, which is: We need certainty, we need to have policy assurances.”
“The actual recovery of the market and the energy industry, that’s not going to be a short turnaround,” Maisano added.
