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Hormuz Reopens But Oil Prices Won't Drop Fast
Description
A ceasefire deal ending the Iran conflict and reopening the Strait of Hormuz has sent oil prices lower—but don’t expect gas stations to refill anytime soon. Experts warn it’ll take months for operations to restart, as ships need to clear, storage gaps must be filled, and confidence in the deal must solidify. Countries like Saudi Arabia and the UAE, with alternative export routes, may lead the recovery, but rebuilding stalled investment and restarting production is a long-term effort. Producers won’t rush back until they’re certain this peace lasts beyond a few months.
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