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Can the Iran Deal Improve Energy
A tentative 60-day cease-fire agreement involving Iran has been confirmed, aiming to open the Strait of Hormuz and lift a naval blockade, but key issues like Iran’s nuclear program and sanctions remain unresolved. Due to extensive damage to Middle Eastern energy infrastructure, it could take months for oil, gas, and fertilizer supplies to stabilize, with experts warning prices may rise to $150–$160 per barrel. Market skepticism persists about the deal’s long-term effectiveness and impact on energy markets.
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