Context
The conflict between the US and Iran, which began in late February, sharply reduced traffic through the Strait of Hormuz, which previously carried about a fifth of the world's crude oil and natural gas supplies.
What's next
“Unless there is concrete evidence of further disruptions to physical supplies or critical energy infrastructure, the new headlines alone may not be up to the job.”
Meanwhile, Tehran said on Monday that contacts between Iran and the United States to end the war continue after the Iranians' negotiations with Qatari mediators, which lasted several days, ended with changed proposals, but without breakthrough.