AXIOS (Ben Geman) - Large-scale oil shipping won't start again quickly after Iran ceasefire
Untangling the largest disruption in oil market history won't happen quickly or easily — and that means continued high prices and scarcity in major importing countries. Why it matters: A big thing to watch following the U.S.-Iran ceasefire deal is whether it gives tanker owners enough certainty to begin resumption of large-scale traffic of oil, petroleum products and other commodities through the Strait of Hormuz. The big picture: "Confidence-building measures in coming days are going to be key to restoring shipments," Joe Brusuelas, chief economist at the financial services and consulting firm RSM US, said in an interview. - He notes that insurance for the tankers will need to be reestablished, and that means figuring out the specific…