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U.S.-Iran Deal Doesn't Mean A Swift Return Of Oil And Gas Flows
U.S.-Iran Deal Doesn't Mean A Swift Return Of Oil And Gas Flows
Authored by Tsvetana Paraskova via OilPrice.com,
A U.S.-Iran agreement could reopen the Strait of Hormuz, but shipping and production will not immediately return to normal.
More than 10 million bpd of Middle Eastern oil production has been shut in, and some fields may take months to restart fully.
Iraq faces a slower recovery than Saudi Arabia or the UAE because its southern exports depend heavily on access through Basrah.
The U.S.-Iran deal and the potentially imminent reopening of the Strait of Hormuz...
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