Markets cheer deal but see oil staying elevated (opens original article in a new tab)

Markets reacted positively to a U.S.-Iran peace deal, with stocks and bonds rising and the dollar falling, but analysts expect oil prices to stay high as oil flow returns slowly.

• U.S. and Iran agreed a peace deal to re-open the Strait of Hormuz and lift a U.S. blockade on Iran.
• Stocks and bonds rallied, the dollar fell, and U.S. crude futures dropped over 4% following the deal.
• Analysts expect oil prices to remain elevated and for oil flow to take months to return to normal.