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When the Strait of Hormuz reopens, how long will it take for gas prices to drop?

2 min · 15. juni 2026
episode When the Strait of Hormuz reopens, how long will it take for gas prices to drop? cover

Description

The US and Iran have reached a deal to end the war. It reopens the Strait of Hormuz, and oil prices are already dropping due to the news. But how long will it take for gas prices to reach pre-war levels? Oil industry expert Andy Lipow talks about it with L.A.'s Morning News.

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