Institutional warning: Market does not believe in Trump's' peace agreement ', Strait of Hormuz may be blocked for a long time BlockBeats News: On May 27th, Piper Sandler's latest report pointed out that the market's optimistic expectations of an imminent agreement between the United States and Iran lack basis, and the Strait of Hormuz may remain largely closed in the coming months, with oil prices possibly reaching new highs this summer. The agency stated that it is currently almost unbelievable that cross-strait shipping will recover to 50% of pre war levels in the coming weeks, and believes that supply shortages will continue to push up energy prices. At the same time, the United States has recently launched airstrikes on Iranian targets, while Iran has warned that passage through the strait "will come at a cost," further exacerbating market uncertainty. S&P Global Energy President Dave Ernsberger also stated that the market is currently "afraid to establish crude oil positions" due to extreme confusion surrounding negotiations, strait opening, and potential fee mechanisms. According to reports, the market is also concerned that Iran may impose "tolls" on oil tankers passing through the Strait of Hormuz in the future. Although Iranian officials deny the existence of 'fees', they emphasize that there will be costs associated with navigation and ecological protection in the strait. Industry insiders predict that even if an open agreement is reached in the future, it may take several months or even a year for global crude oil transportation to return to normal, and market volatility and high oil price risks will continue. [Original link]