The fragile truce between Iran and the United States has yet to yield a clear indication of when oil and gas prices will recede to pre-conflict levels.
Market observers are left wondering how long it will take for prices to stabilize and revert to their pre-war state.
According to Rockford Weitz, a maritime studies expert at The Fletcher School at Tufts University in the US, any claims of knowing the exact timeline for price normalization are unfounded.
“We’re still in the midst of a complex situation,” Weitz noted, “and it’s premature to speculate on a return to normalcy.”
The current crisis has brought about the most significant disruption to global oil markets in history, Weitz emphasized.
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