Middle East oil and gas output will take months to fully recover
- Posted on June 15, 2026
- By Business News Today
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- 1 min read
Middle East oil and gas output will take months to fully recover
A landmark deal between the US and Iran promises to reopen the Strait of Hormuz, a vital oil shipping route. This agreement has already caused oil prices to drop. However, industry experts warn that restoring oil production and refinery operations to their previous levels will be a lengthy process, potentially taking months or even years.
