U.S.-Iran Agreement Drives Down Oil Prices, Analysts: Navigation through Hormuz Strait, Resumption of Oil Production Still Need Time.

According to the CCN Financial APP, the United States and Iran have reached a temporary peace agreement, and the Strait of Hormuz is expected to reopen, causing international oil prices to plummet. However, analysts warn that it may still take several months for the oil market to fully recover. As of the time of writing, Brent crude futures fell by 4.43% to $83.46 per barrel, while WTI crude futures fell by 5.11% to $80.54 per barrel.