00:00Oil prices dropped and stock markets rallied after the announcement of the U.S.-Iran deal.
00:05But here's why prices could still stay high.
00:08The Strait of Hormuz, one of the world's most critical oil routes, is set to open toll-free again,
00:13U.S. President Donald Trump announced on social media.
00:16But recovery won't be instant.
00:18Tankers are in the wrong place, energy infrastructure needs repairs,
00:22and shipping insurance costs are likely to remain high.
00:25According to Capital Economics, only about 80% of oil floors will return to normal by the end of September,
00:32even if ships have saved passage.
00:34The damage to Qatari natural gas facilities will slow L&D recovery.
00:39And inflation worldwide remains a concern.
00:42Energy markets are still fragile and are unlikely to stabilize until supply floors move closer to pre-war levels,
00:49and prices will remain high for now.
00:51The truce is a major relief, but experts warn against celebrating too soon.
00:55Key sticking points remain.
00:57Iran insists on control over the Strait of Hormuz, something the U.S. rejects.
01:02And en route of questions around Iran's nuclear program continue to complicate negotiations.
01:08Tehran has also made clear that any deal must include the parallel conflict in Lebanon.
01:12And tensions are still simmering after Israeli strikers hit Beirut on Sunday.
01:16After months of chaos, everything now depends on one thing, whether the deal holds.
