06/16/2026
A deal to extend the ceasefire with Iran – and possibly forge a path to a permanent end to the war – is allowing oil tankers to resume transiting the Strait of Hormuz. Falling gas prices might get a tailwind from the deal, but experts warned that oil production and exports from the Middle East won't return to normal overnight.
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Falling gas prices might get a tailwind from Iran ceasefire deal, but experts warned that oil production and exports from the Middle East won't return to normal overnight.