Iran war: Will the global energy crisis end soon?

Article excerpt

A potential US-Iran deal to halt fighting and reopen the Strait of Hormuz could provide relief to global energy markets, but experts warn that stabilizing oil prices and supplies may take months even after a ceasefire. The strategic waterway, through which roughly a third of the world's seaborne oil passes, has become a flashpoint in the conflict. While a diplomatic resolution could unlock supply constraints that have driven energy costs higher, the actual recovery will depend on how quickly shipping resumes and damaged infrastructure gets repaired, a process unlikely to happen overnight.