The oil price shock is far from over even if the U.S.-Iran ceasefire holds
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Article Excerpt
OPINION
The oil price shock is far from over even if the U.S.-Iran ceasefire holds
ERIC REGULY
EUROPEAN BUREAU CHIEF
ROME
PUBLISHED MAY 22, 2026
Open this photo in gallery:
A Malta-flagged oil tanker sailed through the Strait of Hormuz and arrived in Iraq's territorial waters on April 17. Even if the strait reopens, vanishing stockpiles and damaged refineries mean there is more pain ahead.
MOHAMMED ATY/REUTERS
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