Strait of Hormuz may reopen Friday, but experts warn oil and fuel prices could take 4–8 weeks to stabilise as tanker backlogs, insurance and inventories weigh.

Experts warn oil and fuel prices may remain high as restoring production, shipping and confidence after Strait of Hormuz disruption could take months.

US-Iran peace deal sparks immediate drop for Brent crude but analysts warn complex negotiations lie ahead, potentially halting further significant drops