Oil Prices Slip 10‑15% After US‑Iran Ceasefire

Oil prices fell 10‑15% after the US‑Iran ceasefire, but Barclays warns short‑term volatility will keep oil equities under pressure.
The two‑week limited reopening of the Strait of Hormuz, handling ~20% of global oil/LNG, faces technical limits and possible transit fees deterring Saudi and UAE exporters.
Shipping firms, including Maersk, seek safety assurances; market will watch vessel movements as a key recovery indicator.
The ceasefire, initiated Feb 28 by Trump and Netanyahu, may not fully restore normal production/export levels.