14 Hrs
Source:
الاقتصادية
Hormuz Strait returns but trade slows
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 flows of oil and gas. Although the agreement reduces supply risks and eases upward pressure on prices, rebuilding trust among shipowners, insurers, and refineries may take several months. Adjusting markets to previous disruptions could also pose challenges in quickly resuming former trading patterns. Many analysts warn that the operational reality might be more complicated than the headlines, and that the recovery process will take considerable time.
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