Following unsuccessful negotiations between the United States and Iran in Islamabad, concerns over the resumption of oil exports in the Gulf region have intensified. Iran's Deputy Minister of Oil, Mohammad Sadeq Azimifar, indicated that the country expects to restore its oil refining capacity to 70-80% within one to two months. Repair work on damaged facilities has commenced, with the Lavan refinery expected to resume operations within 10 days. The talks ended without a breakthrough, with US Vice President JD Vance confirming that no agreement was reached. Meanwhile, Iraq's Basra Oil Company stated that it could restore 3.4 million barrels per day if a ceasefire is declared, significantly improving its current output of 900,000 barrels per day. Saudi Arabia has also reported that its East-West oil pipeline is back in service, with production at the Manifa oilfield restored to 300,000 barrels per day. The geopolitical tensions and the potential for renewed hostilities could further impact global energy prices and shipping in the Gulf.