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US-Iran peace deal will have positive impact on oil prices, says PM’s aide
Free Malaysia Today
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The United States ended its naval blockade on Iranian ports following a Memorandum of Understanding between the two nations, enabling oil tankers to resume passage through the Strait of Hormuz after months of restriction. Iran reopens the waterway without charging transit fees during the initial 60-day negotiation period on broader issues including its nuclear program. However, market analysts warn that full normalization of oil flows may be delayed by practical challenges including sea mine removal and maritime insurance barriers.
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However, Kamil Munim says the recovery period for oil supply is expected to take some time and must consider all the costs involved so far. ...
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