US and Iran conflict has finally reached a peace deal today marking a new hope to settle the global economic uncertainity but eperts weigh that it would take months to curb with the energy crises.

A framework agreement between the U.S. and Iran on terms to end their war and reopen the Strait of Hormuz sent oil prices tumbling, as traders anticipated the return of flows.

But industry officials say a full return to pre-war production and refining levels is likely to take weeks, months or even years.

U.S. President Donald Trump said the Strait of Hormuz, a major shipping route ‌for global oil and gas supplies that Iran has effectively shut down for months, would open on Friday, and that he had ordered the end of a U.S. blockade of Iranian ports.

Iran's deputy foreign minister, Kazem Gharibabadi, said a........

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