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Iran Deal Won't Instantly Lower Gas Prices

Iran Deal Won't Instantly Lower Gas Prices

Published 3 days, 23 hours ago
Description

Big deal: Iran war ends, Strait of Hormuz opens — but gas prices won’t drop overnight. Experts say it’ll take months for supply chains to reboot. Ships are stuck, tankers move slow, refineries need time to ramp up, and producers won’t risk restarting operations without guaranteed peace. Saudi Arabia and UAE may recover faster thanks to alternative routes, but global energy investment froze during the blockade — and restarting that flow won’t happen overnight. Prices dipped Monday, but wallets won’t feel the relief anytime soon.

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