The US Energy Information Administration said it expects Iran will be forced to reduce its oil production, partly because of the US blockade targeting Iranian ports, The Caspian Post reports, citing Al Jazeera.

In a statement, the agency said it does not expect Iran’s oil output and trade flows to return to prewar levels until late this year or early next year, even if shipping traffic through the Strait of Hormuz resumes.

The EIA added that its current forecast assumes the Strait of Hormuz will reopen later this month. However, if the strategic waterway remains closed through late June, global crude oil prices could rise by an additional $20 per barrel.

According to the agency, continued disruption in the strait would place further pressure on global energy markets and delay the normalization of regional oil trade patterns.