Energy prices may take ‘months’ to normalise, despite ceasefire: Analysts

Despite a fragile ceasefire between Iran and the United States, experts believe it will take time for oil and gas prices to return to pre-war levels. Iran has blocked the Strait of Hormuz, through which about 20% of the world's energy exports pass, leading to soaring prices and shortages, particularly in developing countries in Asia and Africa. Analysts emphasize that a stable flow of cargo is needed to stabilize the markets.