Oil prices wont immediately return to pre-war levels Palace

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Fuel prices will not immediately return to pre-war levels despite the presence of U.S.-Iran peace deal.
According to the statement read by Palace Press Officer Undersecretary Claire Castro, it will take months for oil prices to drop back to pre-war levels because oil-producing countries is also affected by the war.
“We are gathering info for our assessment. The indications are that given the destruction of logistics, damaged infrastructure, and the depletion of inventories, it may take months before global prices fall to pre-war levels,” she said

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Date posted: June 17, 2026 8:48 PM