Oil and gas supplies could take months to return to normal after Iran deal, energy experts say

Despite the agreement to end the Iran war and reopen the Strait of Hormuz, energy experts state that oil and gas supplies may take months to normalize. High gasoline prices and supply issues will persist. Furthermore, some Middle East producers implemented shut-ins, pausing oil extraction due to a lack of available storage space, further complicating the immediate recovery of global energy markets following the Sunday announcement. These factors prevent an overnight solution to the current energy crisis.