A diplomatic agreement has been reached to reopen the Strait of Hormuz, but energy analysts warn full oil flow may take weeks or months. - The strait is a critical global oil chokepoint that was closed due to regional tensions.
- Logistical hurdles, damaged infrastructure, and insurance concerns will slow resumption. - Oil prices may remain volatile as markets adjust to the gradual reopening.
The reopening process will be gradual, with initial flows limited to a fraction of pre-crisis volumes.