Why Ceasefire May Not Restore Oil Supply

With a ceasefire having been announced between the US-Israel and Iran, what are the prospects for oil and gas exports to resume out of the Persian Gulf? A ceasefire has been announced but it is still unclear whether all three warring countries are fully on board, and whether it will fully take effect and hold. That is essential for substantial oil and gas exports through the Strait of Hormuz to resume. Disagreements have been reported among the parties concerned about the terms of the ceasefire. Meanwhile attacks have continued in Kuwait, the UAE, Saudi Arabia, Iran and Lebanon including on…