Twelve million barrels of oil a day won’t magically reappear on the market even if the pact holds.

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

"We have not seen any shortage of fuel anywhere, whether it's domestic in the United States or for European travel," said Jamie Walker, CEO of Jet Linx.