The Price Of Peace: Why Oil Is Quietly Stepping Back

A US-Iran ceasefire and the lifting of the US naval blockade have restored commercial transit through the Strait of Hormuz, with oil flows rebounding to approximately 7 million b/d, though still well below pre-war levels of 20 million b/d. The temporary 60-day peace accord has eased maritime disruptions in the Persian Gulf, but flows remain constrained and the situation depends on the ceasefire holding or being extended.