An interim peace deal in the Mideast turns the focus to how much demand lost during the Hormuz closure will return as markets eye ample supply in 2027.

The closure of the Strait of Hormuz has displaced tens of millions of barrels of crude since the war began in February.

Oil prices rebounded as concerns grew over the lack of details in a preliminary U.S.-Iran agreement to end the war. The resumption of supply through the Strait of Hormuz may take…