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Deal to Reopen Hormuz Kicks Off Long Effort to Ease Energy Crisis
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Deal to Reopen Hormuz Kicks Off Long Effort to Ease Energy Crisis

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The pace of the recovery will depend on how confident companies are that the deal between the United States and Iran will hold and be extended.

The long-awaited deal to reopen the Strait of Hormuz brought quick relief to the oil market, sending prices to their lowest levels since early March. Getting substantial amounts of oil and gas flowing, however, will take much longer. It can take week... [1482 chars]

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Source: The New York Times

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