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.

US-Iran peace deal drops oil prices, with crude unlikely to hit new highs soon. New all-time high by June 30 at 0.8% YES.

US gasoline prices remain 37% above pre-war levels despite the US-Iran peace deal. Here's what it means for oil, Bitcoin, and crypto investors.

Experts warn that rising gas, grocery, and flight prices will persist even after the Iran war ends.

The fighting disrupted not only fuel supplies but also the supply chains for fertilizer, food and even footwear.

Gas and food prices are unlikely to come down quickly

US and Iran set to sign a deal Friday ending nearly four months of conflict. Oil dropped $4 per barrel, but gas price relief could take months to

Inflation recently hit a three-year high, and some analysts warn consumer prices may take some time to come down.

Gas prices fall below $4 as US-Iran deal reopens the Strait of Hormuz. Crude oil reaching a new all-time high by September 30 at 8.5% YES.

US gas prices dropped below $4 per gallon after Trump signed a deal with Iran to reopen the Strait of Hormuz, sending oil down 4% and boosting crypto

Trump hopes oil prices will come down immediately, but economists say this probably won’t happen

Gas prices fell on hopes of a peace deal between the U.S. and Iran, though it may take time for shipping in the Strait of Hormuz to return to pre-war levels.

Drivers feel some relief but prices still a dollar more per gallon overall since before US-Israel attack on Iran

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.

Even with the Strait of Hormuz open, it will take months for oil flows and prices to return to pre-war levels.

Even if peace holds up between the US and Iran, oil prices aren’t going back down to where they were any time soon.