Home / BusinessBusinessWiredBusinessWired·Jun 19, 2026·1 min readAn Open Strait of Hormuz Won’t Fix Gas Prices OvernightEven if peace holds up between the US and Iran, oil prices aren’t going back down to where they were any time soon.View original source — Wired ↗ShareCopy linkShare on XShare on FacebookRelated storiesBusinessThe PunchBusinessJun 5, 2026 · 1 minOil prices drop as Middle East tensions easeThe PunchBusinessPhilippine Daily InquirerBusinessJun 18, 2026 · 1 minGatchalian: Gov't must ensure reduced oil prices as US-Iran war endsPhilippine Daily InquirerBusinessCNBCBusinessJun 16, 2026 · 1 minJim Cramer: Why we're headed back to pre-Iran war oil prices and what it meansCNBCBusinessPhilippine Daily InquirerBusinessJun 16, 2026 · 1 minUS-Iran deal: When will oil prices fall?Philippine Daily Inquirer
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