Deal Kicks Off Long Effort to Ease Energy Crisis

New York Times: “The long-awaited deal to reopen the Strait of Hormuz brought quick relief to the oil market, sending prices to their lowest levels since early March.”

“Getting substantial amounts of oil and gas flowing, however, will take much longer.”

“It can take weeks or months, even in the best of times, to get oil and gas from wells in the Persian Gulf to buyers in China or Japan.”