The securing of a U.S.-Iran agreement, and its emphasis on the full reopening of the Strait, has offered some reassurance, but significant obstacles remain, analysts tell TIME.

Producers will need time to ramp up output, while port bottlenecks and heightened demand will keep US prices up.

People around the world may be wondering how soon prices will drop for gasoline, groceries, flights and other items that got more expensive during the Iran war.