Claims: Oil and gas unlikely to return to prewar prices for months even if Hormuz reopens
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- title: Oil and gas unlikely to return to prewar prices for months even if Hormuz reopens Source
- url: https://www.theguardian.com/business/2026/jun/15/return-pre-crisis-oil-gas-supplies-months-away-iran-strait-of-hormuz Source
- summary: Markets welcome US-Iran peace deal but prices may stay high as buyers race to refill depleted emergency crude stockpiles Oil prices hit three-month low and markets rally After more than 100 days of the greatest recorded disruption to the world’s energy supplies, the global oil and gas markets have breathed a sigh of relief. Hours after Donald Trump confirmed that a US-Iran peace deal would lead to the reopening of the strait of Hormuz for tankers carrying millions of barrels of oil and gas, the… Source
- published: Mon, 15 Jun 2026 14:48:36 GMT Source