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00:02A tentative agreement to end the war in Iran and reopen the Strait of Hormuz
00:06sent oil prices lower Monday, but analysts warn a full recovery in energy flows remains months
00:11away, according to PBS News. Before the war, the Strait carried a fifth of the world's crude oil.
00:17Now, some 500 commercial vessels remain trapped in the Persian Gulf and cannot exit at once.
00:23Mine clearance alone could take six months, according to Coppler.
00:26Countries that shut in production will need additional time to restart,
00:30with Iraq potentially taking up to a year to return to pre-war output levels.
00:34Economists at Capital Economics estimate energy flows will reach 80% of pre-war levels by September.
00:41Trump said the deal involved a toll-free opening, but Iran has not confirmed this.
00:45Legal experts say allowing Iran to collect tolls would violate international law on freedom of
00:51navigation. Inflation is set to stay above target in most major economies through the first half of
00:55next year, said Capital Economics Group Chief Economist Neil Shearing.
00:59For all things money, visit Benzinga.com.
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