Institution: After the peace agreement is reached, normalization of oil production and logistics faces huge challenges.

Jyske Bank stated that despite the potential reopening of the Strait of Hormuz to shipping following the agreement between the US and Iran, and the spot price of Brent crude oil falling to $80, there are still "major challenges" in normalizing oil production and transportation logistics. The consumption of oil stocks will continue until September, and the bank maintains its forecast of $93 for Brent crude oil prices in the third quarter, before falling to $75 in the second quarter of 2027. The bank emphasized the importance of Qatar's resuming exports of liquefied natural gas to Asia. "However, the reopening of the Strait of Hormuz alleviates pressure and the shortage of global liquefied natural gas." The bank added that diesel prices are unlikely to see a sustained decline, as the normalization process following the reopening of the Strait of Hormuz will be long, difficult and challenging.