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The Korea Times — Top Storieskoreatimes.co.kr

Oil, gas supplies could take months to return to normal after Iran deal, energy experts say (opens original article in a new tab)

TL;DR

Energy experts say oil and gas supplies will take months to return to normal after the Iran deal, as shipping, refining, and production processes are slow and uncertain.

  • High oil and gasoline prices and supply issues will take months to resolve after the Iran deal.
  • Ships stranded in the Persian Gulf will need time to exit, and new tankers must be brought in to resume operations.
  • Restarting oil production in some Middle Eastern countries may take up to a year due to storage and logistical challenges.

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