Hormuz Strait Reopens but Trade Slow

The oil market reacted positively to the temporary agreement between the United States and Iran, which aims to reopen the Strait of Hormuz and resume oil and gas flows. However, analysts warn that returning to previous levels of supply could take months, and rebuilding confidence and supply chains will take even longer. The market also anticipates that prices will recover gradually, while certain risks remain in the near term due to geopolitical factors, insurance costs, and operational expenses.

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