The US-Iran deal to reopen the Strait of Hormuz eased energy markets, bringing oil prices to a three-month low on Monday, but analysts warned that restoring global fuel supplies would take far longer.
US President Donald Trump insisted the waterway will reopen toll-free on Friday, but shipping companies, insurers, oil producers, Washingtonâs European allies, and even members of Trumpâs administration remain cautious: Details of the agreement arenât public, with Washington and Tehran offering conflicting accounts on the toll and timelines.
Doubts over the dealâs durability may give pause to shipowners and test the willingness of the Gulfâs energy producers to bring their infrastructure back online. âItâs going to take time for people to feel comfortable,â an energy analyst said.
