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Oil prices plunge and shares jump on US-Iran ceasefire plan BBCIt Will Take Months to Get Oil and Gas Flowing out of the Persian Gulf The New York TimesIran ceasefire, Delta earnings, the Navy's retail woes and more in Morning Squawk CNBCWill consumers feel immediate relief if US, Iran ceasefire holds? abc7ny.com
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The energy industry refers to the behavior of gasoline prices as "up like a rocket, down like a feather."
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Iran Strait of Hormuz warning adds to shipping uncertainty BBC'I don't see anyone accepting that': Oil industry balks at Iran's shipping toll PoliticoIran demands crypto fees for ships passing Hormuz during ceasefire Financial TimesIranian Navy Tells Ships They Still Need Permission to Transit Hormuz WSJ
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Analysts said oil and natural gas energy companies would not quickly restore production unless attacks stopped and ships started moving through the Strait of Hormuz.
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Late Tuesday the two countries agreed to a two-week ceasefire.
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