Oil markets could face additional pressure if the Strait of Hormuz reopens, industry executives say, after a U.S.-Iran interim deal. Reuters and other reports indicate the reopening could release oil volumes that were previously stranded in the Middle East Gulf, potentially adding to global supply. The expected impact is tied to a broader shift already underway: Gulf producers have increased exports using ship-to-ship transfers off the United Arab Emirates and Oman. This activity has helped weigh on Middle East crude pricing, with market indicators described as moving into discounts earlier in the week. One report notes that the spot differentials for West Asia/Middle East crude turned into discounts on Tuesday, attributed to the higher export flows. While the timing and scale of any further supply released upon reopening are not quantified in the coverage, multiple outlets describe a link between improved shipping access through Hormuz and the prospect of a “wave” of additional barrels reaching global markets. Overall, sources agree the reopening scenario adds downside risk for Middle East crude differentials and prices.