Aramco's CEO says it will take months for the market to rebalance if the Strait of Hormuz opens today.

Iran has given no indication of whether it will accept the US plan to end the war and reopen the Strait of Hormuz a day after renewed clashes threatened the fragile truce.

Tehran focused on ending the war on all fronts, especially in Lebanon, and safe shipping through the Strait of Hormuz, but it did not indicate how or when the vital waterway might…