- A deal to end the Iran war and reopen the Strait of Hormuz was announced, but experts say energy supply problems and high gas prices won’t be fixed overnight — it will take months to feel the effects.
- Ships loaded with crude have been stranded, tankers and refining take time, and many producers paused output — so restarting flows and insurance/security checks will slow the recovery.
- Some countries (Saudi Arabia, UAE) can resume faster, while places like Iraq may take up to a year; oil prices dipped but remain around the low $80s per barrel, above pre-war levels.
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