The war in the Middle East might be drawing to a close, but one of the largest energy disruptions in history still needs some time to iron out the kinks.
On Sunday, the U.S. and Iran announced a memorandum of understanding to end their conflict that has been waged on and off since February. The tentative deal—scheduled to be formally signed Friday—includes a provision to reopen the Strait of Hormuz, allowing Middle East-produced oil and natural gas to ship around the world again.
