Oil prices fell 10-15% after the US-Iran ceasefire, with Barclays warning short-term pressure on oil equities.
Iran will allow limited two-week safe passage through the Strait of Hormuz, handling about 20% of global oil and LNG shipments.
Uncertainties over technical limits, transit fees and safety may deter Saudi and UAE exporters, keeping market volatility high.
Shipping firms, including Maersk, seek further safety assurances before resuming transit, highlighting conditional reopening.