Brent crude oil prices have fallen significantly following the announcement of a peace deal between the US and Iran, aimed at reopening the vital Strait of Hormuz, a strategic waterway for oil transport. As these negotiations progress, the oil market is experiencing volatility, with prices dropping to three-month lows and forecasts indicating a challenging recovery for energy markets. While stock markets are reacting positively, with major indices surging, analysts remain cautious, predicting that the full restoration of oil supply may take weeks or even months. The overall economic impact, particularly concerning inflation and energy costs, continues to be a topic of concern as the implications of this deal unfold.