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2026-05-29 21:51:00
[Logistics Remains the Biggest Obstacle to the Oil Market's Return to Normal; Return to Normalcy Expected Early Next Year After Agreement] ⑴ Analysts say the oil market reflects growing confidence that an agreement to end the US-Iran conflict is near, but logistics remain a major obstacle to normalcy. ⑵ If an agreement is reached within the next two weeks, the entire oil market and the petrochemical market along the supply chain will not reach a certain level of normalcy until early next year, with ships queuing to load oil in the Persian Gulf all wanting to enter simultaneously. ⑶ With producers rushing to empty their full storage tanks, large ships may queue at the front, initially leading to competition, but order must be restored quickly.
