Global oil market shock from Iran war may last until September, expert warns (opens original article in a new tab)

Energy expert warns global oil prices may remain elevated until September due to declining reserves and ongoing Iran war tensions.

• Oil and gas prices may stay high until September despite potential reopening of Strait of Hormuz.
• US strategic petroleum reserve decreased by 7.9 million barrels between May 29 and June 5.
• Uncertainty remains about US-Iran negotiations that could affect oil prices.