Source

• Oil hovering just below $100/bbl DESPITE ceasefire
• Market doubts Hormuz will reopen for normal tanker transit soon
• Insurers and shipowners fear security conditions could deteriorate
• Jet fuel supply chains alone need "months" to stabilize
• Iraq could restore exports within a week, LNG tankers queued at strait
• Asia can't afford current prices while supply restoration takes weeks
• Two-week ceasefire window is INSUFFICIENT for recovery
• Recovery measured in months, not weeks