A potential US-Iran agreement aimed at ending the war and reopening the Strait of Hormuz is widely seen as a way to ease the current global energy crunch. The Strait is a key maritime route for oil shipments, and renewed access could help restart energy transport and reduce supply disruptions. However, sources note that the effects on oil markets are not immediate. Even if shipping resumes, oil prices and physical supplies may take weeks or months to stabilize as routes are gradually restored and vessels and logistics operations return to normal. Infrastructure recovery and the rebuilding of shipping schedules also factor into the timeline for improved availability of crude and related products. Overall, while reopening the Strait could increase supply and improve market conditions, the transition period is expected to involve volatility, with prices depending on how quickly transportation and broader systems can return to full capacity. The situation remains subject to the progress and terms of any deal, as well as the speed at which sanctions and other constraints, if any, are lifted.