{"id":74899,"date":"2026-06-15T09:55:07","date_gmt":"2026-06-15T14:55:07","guid":{"rendered":"https:\/\/news2shorts.com\/index.php\/2026\/06\/15\/oil-and-gas-unlikely-to-return-to-prewar-prices-for-months-even-if-hormuz-reopens\/"},"modified":"2026-06-15T09:55:07","modified_gmt":"2026-06-15T14:55:07","slug":"oil-and-gas-unlikely-to-return-to-prewar-prices-for-months-even-if-hormuz-reopens","status":"publish","type":"post","link":"https:\/\/news2shorts.com\/index.php\/2026\/06\/15\/oil-and-gas-unlikely-to-return-to-prewar-prices-for-months-even-if-hormuz-reopens\/","title":{"rendered":"Oil and gas unlikely to return to prewar prices for months even if Hormuz reopens"},"content":{"rendered":"<p>Markets welcome US-Iran peace deal but prices may stay high as buyers race to refill depleted emergency crude stockpiles<\/p>\n<ul>\n<li>\n<p><a href=\"https:\/\/www.theguardian.com\/business\/2026\/jun\/15\/oil-prices-fall-strait-of-hormuz-reopening-hopes-iran-us-peace-deal\">Oil prices hit three-month low and markets rally<\/a><\/p>\n<\/li>\n<li>\n<p><a href=\"https:\/\/www.theguardian.com\/business\/live\/2026\/jun\/15\/oil-price-low-stock-markets-rally-us-iran-peace-deal-ftse-wall-street-live-news-updates\">Business live \u2013 latest updates<\/a><\/p>\n<\/li>\n<\/ul>\n<p>After more than 100 days of the greatest recorded disruption to the world\u2019s energy supplies, the global oil and gas markets have breathed a sigh of relief.<\/p>\n<p>Hours after Donald Trump confirmed that a US-Iran peace deal would lead to the reopening of the strait of Hormuz to tankers carrying millions of barrels of oil and gas, the price of Brent crude <a href=\"https:\/\/www.theguardian.com\/business\/2026\/jun\/15\/oil-prices-fall-strait-of-hormuz-reopening-hopes-iran-us-peace-deal\">tumbled to lows of $83 a barrel<\/a>. Wholesale gas prices fell about 6%.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/business\/2026\/jun\/15\/return-pre-crisis-oil-gas-supplies-months-away-iran-strait-of-hormuz\">Continue reading&#8230;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Markets welcome US-Iran peace deal but prices may stay high as buyers race to refill depleted emergency crude stockpiles Oil prices hit three-month low and markets rally Business live \u2013 latest updates After more than 100 days of the greatest recorded disruption to the world\u2019s energy supplies, the global oil and gas markets have breathed &#8230; <a title=\"Oil and gas unlikely to return to prewar prices for months even if Hormuz reopens\" class=\"read-more\" href=\"https:\/\/news2shorts.com\/index.php\/2026\/06\/15\/oil-and-gas-unlikely-to-return-to-prewar-prices-for-months-even-if-hormuz-reopens\/\" aria-label=\"Read more about Oil and gas unlikely to return to prewar prices for months even if Hormuz reopens\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-74899","post","type-post","status-publish","format-standard","hentry","category-blog"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/74899","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/comments?post=74899"}],"version-history":[{"count":0,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/74899\/revisions"}],"wp:attachment":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/media?parent=74899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/categories?post=74899"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/tags?post=74899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}