Oil flows resume after US-Iran deal
Oil markets anticipate an increase in flows through the Strait of Hormuz if a potential agreement is signed between Washington and Tehran. Estimates suggest that between 5 and 7 million barrels per day could pass through, compared to lower levels during the height of the escalation. Currently, the market is focused on the volume of these flows and their impact on restoring balance, while awaiting details of the agreement—particularly regarding freedom of navigation, monitoring mechanisms, and how these might affect oil prices, which could drop to around $80 per barrel. The speed of restoring production and supplies depends on the actual implementation of the agreement and improvements in logistical and security measures.
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