How quickly can Gulf oil exports recover?

AI Summary

The extended ceasefire between the US and Iran and ongoing peace talks raise hopes for the reopening of the Strait of Hormuz, which would enable a quick recovery of Gulf oil exports. However, a sustainable agreement remains uncertain.

The now twice extended ceasefire between the US and Iran and ongoing talks towards peace give hope that the war ends soon. If a sustainable agreement is finally reached – and as we write it’s still a big if – it could lead swiftly to the reopening of the Strait of Hormuz, kick-starting the process ...