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15
May 2026
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Analysis: Even if peace comes to the Middle East now, it will still take a long time for fuel prices to fall

Even if a U.S.–Iran agreement is reached and the Strait of Hormuz reopens immediately, fuel prices are unlikely to return quickly to their early-2026 levels. Markets will need months to be “convinced” that the danger has truly passed. This is the well-known “rockets and feathers” phenomenon

Natural gas: Egypt “locks in” all production from the Aphrodite field in Cyprus

Egypt secures all production from the Aphrodite field, enhancing its energy security and investing in new gas transmission infrastructure in the Eastern Mediterranean

International Energy Agency: Even if the war ends now, it will take six months to restore oil and natural gas flows

The problem will worsen as long as energy flows from the Middle East remain blocked, noted the head of the organization, Fatih Birol

Oil reaches $114, European natural gas jumps 30% after strikes on Middle East energy infrastructure

Strikes on critical energy facilities in the Middle East, as markets price in serious disruptions to global supply

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