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US fuel prices to take ‘months’ to normalise after US-Iran deal to end war
Key takeaways
- Producers will need time to ramp up output, while port bottlenecks and heightened summer demand will keep US prices up.
- But it could be months before American consumers see major relief at the petrol pump.
- On Sunday, US President Donald Trump said prices would “drop like a rock” once the strait reopens, a claim he has made multiple times in the past few weeks.
Why this matters: an international story with cross-border implications worth tracking.
Producers will need time to ramp up output, while port bottlenecks and heightened summer demand will keep US prices up.
xwhatsapp-strokecopylinkgoogle Add Al Jazeera on Googleinfo Vessels sit in the Strait of Hormuz, as seen from Musandam, Oman, on June 15, 2026 [Stringer/Reuters]By Andy Hirschfeld and Reuters Published On 16 Jun 202616 Jun 2026The preliminary deal to end US-Israel war on Iran has sent oil prices tumbling to a three-month low amid hopes that the Strait of Hormuz will reopen.
But it could be months before American consumers see major relief at the petrol pump.
Article preview — originally published by Al Jazeera. Full story at the source.
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