According to Agence France-Presse, the Strait of Hormuz, a crucial oil transport route, has been virtually paralyzed in recent weeks due to the Middle East conflict, leading to rising crude oil and related commodity prices. Warashmi told reporters in Singapore that it is difficult to say how long fuel supply will take to recover, but "it will not happen soon." He added, "Due to disruptions in Middle Eastern refining capacity, it will take several months to return to the required supply levels." International oil prices fell today as the United States and Iran agreed to a two-week ceasefire, temporarily reopening the Strait of Hormuz. (Compiled by: Yang Zhao-yan) 1150408
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- Source: CNA (Central News Agency)
- Category: Survey