Oil will be high for a while

[tottong]

No one knows for how long this war can go on. It can be weeks or months. But a lot of people seem to think that once the war ends, everything will go back to normal. That is not the case. Oil prices are going up now and for every day that companies struggle to operate, the closer they are to bankruptcy. Maybe the big companies would be fine but even them are struggling. To expect that once the war ends, everything will go back to how it was before would be foolish. It will take a while for everything to go down low, if things were to bounce back to what we used to consider normal.

That's why war has a major impact on everything it affects, and post-war recovery won't be as quick as the normalization of rising prices, like oil.
Companies will now struggle to maintain stability and will attempt to raise product prices to avoid losses caused by rising raw material prices. The impact is not only on the companies themselves, but also on society, which ultimately suffers.
It will take time to recover because the impact of the current economic conditions will continue to spread to all other sectors, and even if the war ends, this cannot be reversed quickly.
Many companies have finally stopped operating for certain reasons, so what will happen to workers who are laid off because we will see more unemployment in the future.

[summonerrk]

Markets will evaluate the implementation of the agreements. This isn't a final agreement, it's just a memorandum, a so-called roadmap, but let's call it a path to peace. Oil prices fell sharply after this news, but they actually remain quite high. By the close of the US stock market session, WTI was trading at the upper limit of its intraday range. And it must be said that oil prices are still 20% above their pre-war level. The price of 2026 Brent crude fell below $80.

[Fredomago]

To an extent I support that if care is not taking with the recent out break of war which have drop the pice pumps drastically. Oil currently is the major source of business transportation and exchange use now, mostly for countries that don't have oil much on there soil and wants to trasact some of there products in exchange of oil. The impact of war on a counties economy can't be over emphasis, because it leaves marks and signs In the cost of time.

In our country, oil prices have started to rise this month, and this has become a very heavy burden for everyone, especially those with multiple vehicles at home. I also don't want to see the war continue, as it could have even more negative effects on the economy and other sectors. Therefore, I hope to avoid war in oil-producing countries so that oil imports can continue smoothly, and non-oil-producing countries can use oil at a more affordable price. The effects of high oil prices can also spread to other goods due to the increased transportation and production costs of all goods.

Yes, if the war ends completely we will feel the impact so far there's a deal between US and Iran and as I understand there's already an impact regarding to the price of oil in our country a big rollback is anticipated, hopefully this deal will continue and for longer duration or if possible both countries will have a better view and will make a long term solution as it will helps everyone that relies getting their oil from the middle east.

[Fortify]

No one knows for how long this war can go on. It can be weeks or months. But a lot of people seem to think that once the war ends, everything will go back to normal. That is not the case. Oil prices are going up now and for every day that companies struggle to operate, the closer they are to bankruptcy. Maybe the big companies would be fine but even them are struggling. To expect that once the war ends, everything will go back to how it was before would be foolish. It will take a while for everything to go down low, if things were to bounce back to what we used to consider normal.

It looks like Trump has finally surrendered to Iran and handed over $300 billion for them to re-open the strait, effectively making the whole war that the US and Israel waged against them pointless. If this agreement does hold, which Trump needs it to do as he heads into midterms with absolutely awful polling results right now, then we should start to see oil prices stabilize and perhaps start dropping again. There is quite a bit of rebuilding to be done in the Middle East as Iran did hit some rather important processing facilities and there will be a backlog of a few months before all that shipping is flowing normally again. Then there will be some oil wells that were capped because storage facilities maxed out and it is expensive to get them flowing again. On the whole it was an expensive and utterly unnecessary war that achieved nothing but embarrass the America and Israel - who got hit harder than ever before.

[bakasabo]

Donald Trump has just announced tonight that an agreement has finally been reached and signed between Iran and the U.S.. According to him, the Strait of Hormuz is now open to everybody, with no tolls charged from Iran. He has also ordered the U.S. Navy to move their blockade in the Strait of Hormuz.

That said, energy prices are set to drop in reaction to this latest development, we'd see what the price would be in the short to medium term. This is a very positive news, and other than an end to the destruction of lives and assets, it is particularly crucial for the global energy supply chain.

This is like third or fourth announcement about agreement that Trump made. However, Iran dont confirm those agreements always. It is either one is lying or wishful thinking. Or there is no true or unite government in Iran, or no person who can make whole country size decisions. On the other side, Iran is silent about that agreement. I doubt they will gave up their nuclear program that easy and stop everything, after they have been fighting for that so tough.

No, this time is different. Iran also confirmed that the memorandum of understanding between the two sides has been finalized and the signing ceremony will be held in Switzerland on June 19. One of the term that was implemented immediately was the lifting of the US blockade and the end of hostilities across all fronts, including Lebanon.

Iran never intended to possess nuclear weapons, and that was not the primary cause of this conflict.

https://www.aljazeera.com/news/2026/6/15/us-iran-to-sign-a-peace-deal-on-friday-what-we-know-so-far
https://www.pbs.org/newshour/world/deal-is-reached-to-end-iran-war-and-trump-orders-stop-to-us-naval-blockade

To bad it hasnt seems to be different after all. USA and Iran have postponed signing agreement, that was planned to be signed today and end everything. As I understand, everything now is postponed for 60 days, while Israel is doing something crazy as they continue striking and killed 18/injured 33 people. https://www.bbc.com/news/articles/c8r2eme2n5do. Oil prices have been down this week, but everything can change during those 60 days.

[Uhwuchukwu53]

I totally agreed with the title because a lot happened when price increases many marketers capitized in the past good which they have stick during the price hike, secondly the area of those damages done during the war mostly the part that involves the oil sectors will not be easily working immediately they need to restore and test run before allowing full scale production. Besides others countries like rusian and Ukraine have not give up in their fight which also have direct and indirect impact of the oil prices even as the straight of humuz is open those nation who transport from far may not be able to reached their destination with speed which will still linger the price with weeks or even a months to come.

[Woodie]

Seems like there is light at the end of the tunnel after all.. Trump probably was feeling the pressure because it's not only OIL prices that are negatively affected, food prices, services all got expensive , generally economies felt the pinch and the war already is proving to be getting a huge chunk of tax payers money 💰and both parties probably wanted out.

Some kind of deal was signed, and this should see prices drop aggressively...

[WatChe]

Seems like there is light at the end of the tunnel after all.. Trump probably was feeling the pressure because it's not only OIL prices that are negatively affected, food prices, services all got expensive , generally economies felt the pinch and the war already is proving to be getting a huge chunk of tax payers money 💰and both parties probably wanted out.

Some kind of deal was signed, and this should see prices drop aggressively...

The issue with oil price is that if oil price i.e. Patrol or diesel rates are increased in a country then it results in increase in price of everything because everything needs to be delivered to destination through transport that runs in patrol and diesel. Luckily oil price has gone down and moving towards its post Iran/US war level and due to this reason oil prices are also decreased all over the world. Countries who are dependent on strait of Hormuz for there energy needs will now surly think of what alternative way they can follow in case Strait is closed once again in future.   

[fillippone]

Seems like there is light at the end of the tunnel after all.. Trump probably was feeling the pressure because it's not only OIL prices that are negatively affected, food prices, services all got expensive , generally economies felt the pinch and the war already is proving to be getting a huge chunk of tax payers money 💰and both parties probably wanted out.

Some kind of deal was signed, and this should see prices drop aggressively...

The issue with oil price is that if oil price i.e. Patrol or diesel rates are increased in a country then it results in increase in price of everything because everything needs to be delivered to destination through transport that runs in patrol and diesel. Luckily oil price has gone down and moving towards its post Iran/US war level and due to this reason oil prices are also decreased all over the world. Countries who are dependent on strait of Hormuz for there energy needs will now surly think of what alternative way they can follow in case Strait is closed once again in future.    

I don’t know where you live, but here in Italy gas prices were super fast going up when the war started, while when the barrel came down, prices were super sticky. The market is far from competitive.

[RockBell]

Seems like there is light at the end of the tunnel after all.. Trump probably was feeling the pressure because it's not only OIL prices that are negatively affected, food prices, services all got expensive , generally economies felt the pinch and the war already is proving to be getting a huge chunk of tax payers money 💰and both parties probably wanted out.

Some kind of deal was signed, and this should see prices drop aggressively...

The issue with oil price is that if oil price i.e. Patrol or diesel rates are increased in a country then it results in increase in price of everything because everything needs to be delivered to destination through transport that runs in patrol and diesel. Luckily oil price has gone down and moving towards its post Iran/US war level and due to this reason oil prices are also decreased all over the world. Countries who are dependent on strait of Hormuz for there energy needs will now surly think of what alternative way they can follow in case Strait is closed once again in future.    

I don’t know where you live, but here in Italy gas prices were super fast going up when the war started, while when the barrel came down, prices were super sticky. The market is far from competitive.

That is exactly what we are facing here the price increases when the strait of Hormuz was closed and it became a burden because if the price of patrol increased so the price of every other thing and now that the peace deal is signed then there should be like a serious drop in price but still no serious drop yet I feel like they are waiting for new intake of product that is what I feel might be the reason they don't want to bring the price down, but the truth is we just need them to bring down so that we so relief because the price of fuel going up was not a friendly situation at all.

[Abiky]

Seems like there is light at the end of the tunnel after all.. Trump probably was feeling the pressure because it's not only OIL prices that are negatively affected, food prices, services all got expensive , generally economies felt the pinch and the war already is proving to be getting a huge chunk of tax payers money 💰and both parties probably wanted out.

Some kind of deal was signed, and this should see prices drop aggressively...

Prices WILL drop aggressively, but they're going to take longer than we've expected. Some predict it will take as much as 4 months before oil prices head back to pre-war levels. Then, the cost of goods and/or services will follow.

Considering that the whole US-Iran fiasco was utter chaos for the world's energy security, leaders should look for ways to prevent such situation from happening ever again. Like slowly moving away from oil into alternative energy. Or establishing another shipping route that's outside the control of Iran. At least, the US and Iran came to an agreement. It could've been worse, right?

[Swordsoffreedom]

To bad it hasnt seems to be different after all. USA and Iran have postponed signing agreement, that was planned to be signed today and end everything. As I understand, everything now is postponed for 60 days, while Israel is doing something crazy as they continue striking and killed 18/injured 33 people. https://www.bbc.com/news/articles/c8r2eme2n5do. Oil prices have been down this week, but everything can change during those 60 days.

Yes, the meeting in Switzerland was cancelled, but the memorandum of understanding was signed online beforehand and remains in effect

According to the latest news I have read, the Strait of Hormuz has been and remains open. This shows that the agreement is still being maintained and is in effect, despite some reports that Israel continues to attack Lebanon.

As long as the strait does not suddenly close again, it means nothing seriously bad has happened yet, imo

Let's wait and see what happens next.

[Lida93]

That is exactly what we are facing here the price increases when the strait of Hormuz was closed and it became a burden because if the price of patrol increased so the price of every other thing and now that the peace deal is signed then there should be like a serious drop in price but still no serious drop yet I feel like they are waiting for new intake of product that is what I feel might be the reason they don't want to bring the price down, but the truth is we just need them to bring down so that we so relief because the price of fuel going up was not a friendly situation at all.

I so damn hate how these oil marketers exploits we the average citizens with how they drive the price leveraging on the war and blockage of the Strait of Hormuz to maximize excess profit. They're quick to increase the price of petrol on old stocked product before the war escalated but when peace is underway with the Strait of Hormuz getting busy again, yet we ain't experiencing any instant reductions to the price of petrol, and if you question why, they claim is old stock so it has to be sold for old price while they're waiting for new product arrival.

[LFC_Bitcoin]

If Iran and the US manage to avoid another escalation oil prices should come down. Much of the recent rise was caused by fears of supply disruption instead of an actual shortage.

Because tensions will ease and oil shipments will continue normally the risk premium will fade, which usually pushes crude and fuel prices lower.

[free-bit.co.in]

I so damn hate how these oil marketers exploits we the average citizens with how they drive the price leveraging on the war and blockage of the Strait of Hormuz to maximize excess profit. They're quick to increase the price of petrol on old stocked product before the war escalated but when peace is underway with the Strait of Hormuz getting busy again, yet we ain't experiencing any instant reductions to the price of petrol, and if you question why, they claim is old stock so it has to be sold for old price while they're waiting for new product arrival.

As consumers, no one wants this, but that is the nature of business. Businesses are always looking for ways to take advantage of every opportunity and justification to maximize profit. They will not care what consumers think or what consequences they have to bear.

But instead of blaming the oil companies, let's blame the politicians. Because if there were no conflict and no disruption in supply, there would be no opportunities to exploit those fluctuations for profit.

[bakasabo]

To bad it hasnt seems to be different after all. USA and Iran have postponed signing agreement, that was planned to be signed today and end everything. As I understand, everything now is postponed for 60 days, while Israel is doing something crazy as they continue striking and killed 18/injured 33 people. https://www.bbc.com/news/articles/c8r2eme2n5do. Oil prices have been down this week, but everything can change during those 60 days.

Yes, the meeting in Switzerland was cancelled, but the memorandum of understanding was signed online beforehand and remains in effect

According to the latest news I have read, the Strait of Hormuz has been and remains open. This shows that the agreement is still being maintained and is in effect, despite some reports that Israel continues to attack Lebanon.

As long as the strait does not suddenly close again, it means nothing seriously bad has happened yet, imo

Let's wait and see what happens next.

Can we say that Strait of Hormuz is open so far only. Because I have read in news that Trump threatens to restart military action if it becomes closed. That “if” does not mean that Iran have plans to close it?

I have read somewhere, that Trump already 39 times claimed that “everything is over” with situation in Iran. It is either he is bluffing or situation is that sireous, that it can not be solved so easily by signing an agreement.

[Antotena]

Markets will evaluate the implementation of the agreements. This isn't a final agreement, it's just a memorandum, a so-called roadmap, but let's call it a path to peace. Oil prices fell sharply after this news, but they actually remain quite high. By the close of the US stock market session, WTI was trading at the upper limit of its intraday range. And it must be said that oil prices are still 20% above their pre-war level. The price of 2026 Brent crude fell below $80.

As far as there is peace, the oil price will naturally comes down but first the straight or Hormuz need to be open for shop to sail through. There are many countries that their oil exportation depend on that route and as long as they are not getting what they need for their country, the demand will remain the same. Most often they have to rely on indirect shipments of oil to the country which is going to cost them more money and increase in price.

This peace has relax the market small, for over two months now it's has been unstable and many people have made losses but recently, it looks good. The only people I don't know their motive about this war are the people that are making money from this war and don't want it to end. They are acting like kids are not killed in this war and how many people have lost their means survival that even in 10 years to come they may not recover from it.

[danherbias07]

No one knows for how long this war can go on. It can be weeks or months. But a lot of people seem to think that once the war ends, everything will go back to normal. That is not the case. Oil prices are going up now and for every day that companies struggle to operate, the closer they are to bankruptcy. Maybe the big companies would be fine but even them are struggling. To expect that once the war ends, everything will go back to how it was before would be foolish. It will take a while for everything to go down low, if things were to bounce back to what we used to consider normal.

It looks like Trump has finally surrendered to Iran and handed over $300 billion for them to re-open the strait, effectively making the whole war that the US and Israel waged against them pointless. If this agreement does hold, which Trump needs it to do as he heads into midterms with absolutely awful polling results right now, then we should start to see oil prices stabilize and perhaps start dropping again. There is quite a bit of rebuilding to be done in the Middle East as Iran did hit some rather important processing facilities and there will be a backlog of a few months before all that shipping is flowing normally again. Then there will be some oil wells that were capped because storage facilities maxed out and it is expensive to get them flowing again. On the whole it was an expensive and utterly unnecessary war that achieved nothing but embarrass the America and Israel - who got hit harder than ever before.

Qatar and Pakistan are doing well as mediators for the two countries, and I think they are in discussion about opening the Strait of Hormuz again.

I think President Trump should really stop talking about bombing Iran again. Instead of the peace talks happening, it was stalled because of what he recently said. What he is doing is just making it difficult for many people to access cheap oil again.
The problem is that they are not the only ones affected by it, but also other countries. The US is strong again. That's already established. Now, it's time to make people's lives easy again by stopping this nonsense.

[Smack That Ace]

Yes, the meeting in Switzerland was cancelled, but the memorandum of understanding was signed online beforehand and remains in effect

According to the latest news I have read, the Strait of Hormuz has been and remains open. This shows that the agreement is still being maintained and is in effect, despite some reports that Israel continues to attack Lebanon.

As long as the strait does not suddenly close again, it means nothing seriously bad has happened yet, imo

Let's wait and see what happens next.

Can we say that Strait of Hormuz is open so far only. Because I have read in news that Trump threatens to restart military action if it becomes closed. That “if” does not mean that Iran have plans to close it?

I have read somewhere, that Trump already 39 times claimed that “everything is over” with situation in Iran. It is either he is bluffing or situation is that sireous, that it can not be solved so easily by signing an agreement.

In fact, no one really knows the exact situation regarding the Strait of Hormuz. While some news reports say that Iran has closed the strait once again due to ongoing Israei attacks on Lebanon. But the United States denies this and insists the strait remains open.

However, there is one piece of information we can be fairly certain of, their meeting in Switzerland today is believed to have made very good progress. The two sides have reached an agreement and agreed on a roadmap toward a final deal within 60 days.

https://www.foxnews.com/live-news/us-iran-peace-deal-nuclear-talks-switzerland-06-22-26

[Jessie2121]

Since the war became serious that they had to close the only passage that supplies oil to other countries I believe that alone has shown to the rest of the World that this war is not everyone that benefits from it, it has drilled the economy to the point that no one has the funds to cover for things that they normally use to pay for and now we are no longer in that chapter of asking ourselves when will this war end? The question is how can things get back to normal because we can not say after they made whatever agreement that things will start flowing as usual, no, is never going to be easy for the economy to get back to normal or even the oil price to drop to a lower price, until we start seeing some changes, at least that is when we are going to say things are getting better but for now nothing is certain.