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Falling interest rates and oil prices, which could put more money into the pockets of potential home buyers, provide some hope for a turnaround.
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Some wells can be turned on in days or weeks, but bringing the Gulf's energy system back to something akin to normal will take months.
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Large-scale oil shipping won't start again quickly after Iran ceasefire AxiosWill shipping in the strait of Hormuz - and oil prices - return to normal? The GuardianEmpty ships and shut wells: Why the Iran war oil crisis is not over yet Al JazeeraHow the US-Israeli war with Iran is disrupting oil and gas Reuters
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Late Tuesday the two countries agreed to a two-week ceasefire.
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Three major airlines have hiked their checked-bag fees this month, in another blow for travelers still reeling from long TSA lines and increased airfare.
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Markets reacted positively after the United States and Iran reached a last-minute cease-fire agreement.
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