Energy prices may take ‘months’ to normalise, despite ceasefire: Analysts
European airports could face jet fuel shortages within three weeks
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Following a ceasefire in April 2026 between the US, Israel, and Iran, experts predict it will take months for energy prices to normalize. Iran's actions, including blocking the Strait of Hormuz (a crucial passage for global oil and gas exports) and attacking Gulf energy infrastructure, caused significant disruptions. This led to soaring prices for energy and related products, impacting consumers worldwide, especially in Asia and Africa. The Strait of Hormuz, which previously saw 120-140 ships daily, now has drastically reduced traffic. Analysts emphasize that a consistent and predictable flow of cargo through the strait is necessary for market stabilization, but the timeline for achieving this remains uncertain.
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AI-ExtractedBefore this conflict, approximately 120-140 ships passed through the Strait of Hormuz every day.
The Strait of Hormuz sees roughly 20 percent of the world’s oil and gas exports.
Iran choked off the Strait of Hormuz in response to US-Israeli attacks.
Energy prices may take ‘months’ to normalise, despite ceasefire.
What we’re seeing is the biggest disruption in the history of global oil markets.
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