President Trump expressed uncertainty about Iran's use of oil profits, stating "we'll see" if the funds are diverted to military rebuilding. He suggested the money should buy U.S. agricultural products for the Iranian people, though an Iranian central banker disputed any obligation to buy from the U.S.
An IMF spokesperson stated that even if the Strait of Hormuz reopens following a potential deal between Iran and the US, energy markets won't see immediate normalization due to infrastructure damage and transit times for tankers.
Gregorio De Felice of Intesa Sanpaolo estimates it will take a month for oil flows to normalize and 3-6 months for refined products after a potential reopening of the Strait of Hormuz. Price effects could appear sooner on futures markets if an agreement is convincing, as markets did not anticipate a prolonged military escalation.
