Energy Market Recovery After Iran Deal Faces Logistical Challenges
Energy experts warn that the recovery of oil and gas supplies could take months to return to normal after the Iran deal, citing significant logistical challenges. These challenges are expected to impede the market's recovery following the conflict in Iran.
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Oil and gas supplies could take months to return to normal after Iran deal, energy experts say
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NEW YORK (AP) — High oil and gasoline prices and energy supply problems won’t be solved overnight, despite an agreement to end the Iran war and open the Strait of Hormuz announced Sunday. It will likely take months before energy companies can resume operations to the point of meeting the world’s demand, according to energy experts. The slow pace of the process of shipping and refining crude oil, and doubts about the security of traveling through the strait mean the effect won’t be seen immediate
By The Korea Herald
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