Oil, gas supplies are expected to take months to recover despite the announcement of a peace deal between Iran and the opening of the Strait of Hormuz, according to energy experts, who say the slow pace of shipping and refining, alongside ongoing doubts over maritime security, will delay any immediate impact on global markets.

Ships carrying crude oil have been stranded in the Persian Gulf for more than three months, unable to transit through the waterway that typically carries around a fifth of global oil flows, while analysts say insurance risks, logistical bottlenecks, and restart delays in production will keep supplies constrained even as prices begin to ease.

According to Daniel Evans, global head of fuels and refining research at S&P Global Energy, “It’s going to take time for people to feel comfortable and for insurance to be in place.”

Oil tankers, he added, move slowly and require long windows of operational security to load and exit the strait safely.

While Brent crude slipped to $83.89 per barrel and US benchmark crude to $80.85 following the announcement, prices remain well above pre-war levels, with producers in some West Asian states having paused extraction due to storage constraints and now facing complex restart processes.

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