[Morgan Stanley Says Oil Market is 'Racing Against Time'; Timing of Hormuz Strait Reopening is Crucial] According to Golden Finance, on May 11, Morgan Stanley stated that the oil market is 'racing against time.' If the blockade of the Hormuz Strait continues into June, the factors that previously curbed the oil price surge triggered by the collective effort to deter war with Iran may no longer be effective. Analysts including Martijn Rats noted in a report that despite the loss of nearly 1 billion barrels of supply, the market entered the crisis with a buffer, and investors have consistently anticipated the Strait's reopening. As a result, crude oil futures have yet to surpass the 2022 highs. (Sina Finance)