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

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Energy prices will take months to normalize despite a ceasefire between Iran, Israel, and the United States, experts warn. The Strait of Hormuz, through which twenty percent of global oil and gas exports pass, saw disrupted traffic after Iranian attacks on infrastructure. Only five vessels crossed Wednesday compared to normal daily traffic of 120-140 ships. Experts cite need for stable cargo flow, reopening of closed production, and infrastructure repairs before prices stabilize.

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