The Iran-US Deal: Why Oil Markets Are Bracing for a Long Recovery
As US-Iran negotiations reach a critical juncture, global markets have reacted with a 5% drop in oil prices. Despite optimism regarding the potential reopening of the Strait of Hormuz, significant hurdles remain, including nuclear program disputes, the Israel-Lebanon conflict, and internal Republican opposition. Analysts warn that even with a signed agreement, global energy supply chains will face constraints well into 2027.