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The reduced availability of fuel has also contributed to a spike in the worth of petroleum products, in line with the report.<\/p>\n
Diesel and aviation jet fuel wholesale prices are set to extend by \u201cgreater than 60 per cent in 2026 and 40 per cent in 2027\u201d and wholesale gasoline prices increasing \u201cby 50 per cent in 2026 and nearly 40 per cent in 2027,\u201d in comparison with pre-conflict prices.<\/p>\n
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The report assumes maritime traffic through the Strait of Hormuz \u201cwill remain effectively closed within the near term,\u201d but oil shipments will resume within the third quarter of 2026.<\/p>\n
Even with the reopening of the Strait, the EIA predicts it’s going to likely take several months for production to return to pre-conflict levels, which it doesn\u2019t think will occur until early 2027.<\/p>\n
\u2013with files from Reuters<\/em><\/p>\n\n
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<\/p>\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t1:49<\/time>Iran war standoff pushes oil prices to 4-year high<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n\t\t\t\t\t\t<\/span>
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\n\t\t© 2026 Global News, a division of Corus Entertainment Inc.\t<\/p>\n<\/div>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Descrease article font size Increase article font size The war within the Middle East, which has shut down the Strait of Hormuz, has caused oil stockpiles on the planet\u2019s largest economies to fall to their lowest \u200clevels since at the least 2003, in line with the newest \u201cforecast overview\u201d of world oil markets, issued Tuesday […]<\/p>\n","protected":false},"author":1,"featured_media":348371,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20691],"tags":[8646,52672,3430,27795,19916,5499,15539,2667,3761,7749],"class_list":["post-348370","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world","tag-decades","tag-eia","tag-global","tag-headed","tag-inventories","tag-level","tag-lowest","tag-oil","tag-u-s","tag-warns"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/posts\/348370","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/comments?post=348370"}],"version-history":[{"count":2,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/posts\/348370\/revisions"}],"predecessor-version":[{"id":348373,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/posts\/348370\/revisions\/348373"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/media\/348371"}],"wp:attachment":[{"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/media?parent=348370"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/categories?post=348370"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/tags?post=348370"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}