Middle East Oil Output May Take Months To Recover Despite US-Iran Deal | Global Markets Watch
Oil prices have eased following the announcement of a US-Iran framework deal, but experts warn that a full recovery in Middle East oil and gas
Oil prices have eased following the announcement of a US-Iran framework deal, but experts warn that a full recovery in Middle East oil and gas production could take months. With shipping through the Strait of Hormuz disrupted for over three months, analysts expect a gradual return of supplies, with around 70% of production restored within three months and up to 90% within six months, highlighting the long road to normalcy for global energy markets.
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