Arabic version: من المتوقع أن تستقر أسعار الوقود في الولايات المتحدة ببطء بعد اتفاق إيران

The recent agreement to end hostilities between the US, Israel, and Iran has led to a significant drop in oil prices, reaching a three-month low. However, experts warn that it may take several months before American consumers experience substantial relief at the gas pump. According to Al Jazeera, petrol prices in the US remain elevated, averaging $4.06 per gallon, down from a peak of $4.48 in early May.

The closure of the Strait of Hormuz, a crucial shipping route for global oil, has caused significant disruptions in energy markets. While US President Donald Trump expressed optimism that prices would “drop like a rock” once the strait reopens, analysts caution that a rapid decline is unlikely. Increased demand and a tight supply chain are expected to prolong high prices for consumers.

Patrick De Haan, head of petroleum analysis at GasBuddy, noted that while the potential deal could lead to lower prices in the short term, a return to pre-war price levels might not occur until 2027. John Deal from the Post Oak Group highlighted that supply chain issues, including port bottlenecks and the need for producers to rebuild stockpiles, will further delay price normalization.

The war has also impacted food prices, with inflation reaching 4.2 percent compared to last year. Essential items like tomatoes and lettuce have seen significant price increases, exacerbating the financial strain on consumers. Experts predict that food prices may remain high as retailers adjust to ongoing supply challenges.