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The Nexus
BUSINESSJun 15 · 13:13 UTCGUARDIAN USJillian Ambrose Energy correspondent

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

Markets reacted positively to a US-Iran peace deal that could reopen the Strait of Hormuz, causing oil prices to drop to a three-month low. However, prices may remain high as buyers work to replenish depleted emergency crude stockpiles, delaying a return to pre-crisis supply levels.

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United StatesplaceIranplaceStrait of HormuzplaceDonald TrumppersonBrent crudetopicoil pricestopicemergency crude stockpilestopic
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