In addition, some producers in the Middle East paused extracting oil from the ground, known as a shut-in, when they ran out of storage space.

NEW YORK (AP) — High oil and gasoline prices and energy supply problems won't be solved overnight, despite an agreement to end the Iran war and open the Strait of

In addition, some producers in the Middle East paused extracting oil from the ground, known as a shut-in, when they ran out of storage space.

Experts warn oil and fuel prices may remain high as restoring production, shipping and confidence after Strait of Hormuz disruption could take months.

A deal between the U.S. and Iran will reopen the vital Strait of Hormuz, easing global energy supply concerns. However, unresolved disputes mean future flare-ups are possible.…

A landmark deal between the US and Iran promises to reopen the Strait of Hormuz, a vital oil shipping route. This agreement has already caused oil prices to drop. However,…