How fast can things get back to normal after the US-Iran deal?

The Middle East crisis prompted global oil prices to rise significantly, while the conflict effectively closed one of the world's main water transport routes for oil, liquid natural gas and other essential goods, limiting global supplies.

But experts warn that a return to the normality of shipping through the Strait of Hormuz will take time, and the impact of the war will continue to affect the global economy for the coming months.

How soon will Hormuz Strait reopen?

Let the oil flow! ” US President Donald Trump said in a post on social networks warning the deal, which, according to him, would include reopening the strait for commercial ships.

BBC Verifu has checked ship tracking data, which appears to indicate traffic levels remain low in the Hormuz Strait, despite the announcement, broadcast Klankosova.tv.

According to the MarineTraff tracking website, only two ships with active traceers of the site have emerged from the canal route since Sunday a cargo transport and a tank.

The storm has been closed for most of the maritime traffic since 28 February, with only a limited number of friendly ships with Iran to pass.

About 200 ships are stuck in the Persian Gulf, with the threat of marine mines or fears of increasing the risk of crews and hindering safe passage.

Neil Shearing, chief economist of the Capital Economics group, said it remains to be seen if the recent agreement “represents a fragile ceasefire or a sustainable” solution.

The last time the United States and Iran appeared close to an agreement, Capital Economics had said it was likely to be “it would take a while for oil flows through the Strait to return to pre-war levels”.

“Even if ships now have safe passage, tanks are in the wrong place, oil generation/forcing plants must reach full capacity and questions on cost and security availability for ships crossing the storm will remain. ”

Even before the deal, during the ongoing ceasefire, shipping companies were mainly reluctant to try to move their ships out of the strait, and the extraction of these vessels would be their first focus.

What does that mean for oil prices?

About a fifth of the world's oil and LNG supplies flow through the strait, and the effective traffic ban has increased oil prices.

This, in turn, has had a significant effect on gas, oil and fuel costs for aircraft.

Raw Brant oil, the global oil reference point, was $4.3% lower at $8.55 (62.10 pounds) for barrels Monday, while US-marketed oil fell by 4.9% to $80.74, the Kankosova.tv broadcast.

By comparison, Brent's pre-war price was fluctuating about $70 per barrel.

Global food prices could also be affected if garbage supplies hit the market again.

The rising cost of waste has exerted great pressure on farmers of arable land and vegetable growers, they say in the industry.

Meanwhile, aircraft fuel traded in northwest Europe (NWE) has already seen a small decline, although it is not clear how long it will take for lower prices to reach buyers.

Aircraft Fuel The U.S. has dropped $1.033 per tonne, compared to $831 per tonne before the conflict and about $1.840 at its peak. The decline was not surprising, even though it fell after the US-Iran announcement.