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Business · Video brief

Return to pre-crisis oil and gas supplies months away even if strait of Hormuz reopens

The Guardian· Jun 15, 2026 · 7:02 PM · 1 views

Despite the reopening of the Strait of Hormuz, oil prices are expected to remain high due to persistent market uncertainties. Even with a promising US-Iran peace deal, factors like strategic leverage and depleted stockpiles continue to drive prices between $80 and $90 per barrel. Experts warn that a full recovery to pre-crisis levels might be months away. #OilPrices #Economy #GlobalMarket #Iran #EnergyCrisis

Originally reported by The Guardian. Read the full story →

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Return to pre-crisis oil and gas supplies months away even if strait of Hormuz reopens

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