A potential deal between the United States and Iran aimed at ending the conflict and reopening the Strait of Hormuz could alleviate the global energy shortage. However, experts indicate that it may take several months for oil prices and supplies to stabilize as shipping operations resume and infrastructure is repaired.
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Potential US-Iran Deal May Impact Oil Prices
A potential agreement between the US and Iran could lead to the reopening of the Strait of Hormuz, which may help address the global energy crisis. Experts suggest that it could take months for oil prices and supplies to stabilize following the deal.
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US-Iran deal: When will oil prices fall?
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Potential US-Iran Deal May Impact Oil Prices