A political secretary to the Malaysian finance minister has stated that the recent peace agreement between the US and Iran is providing relief to nations impacted by the ongoing crisis. The agreement is expected to contribute to a recovery in oil prices, though this recovery is not anticipated to be immediate. The official indicated the situation requires time to stabilize before significant price improvements are realized. This development offers a degree of reassurance to countries vulnerable to fluctuations in the global oil market. The MoU (Memorandum of Understanding) signifies a de-escalation of tensions, potentially lessening disruptions to oil supply. However, the secretary cautioned against expecting a swift return to pre-crisis oil price levels. The long-term impact will depend on sustained adherence to the agreement.