Gas prices unlikely to return to pre-war levels for months, analysts warn

Analysts say even with a potential U.S.-Iran peace deal and any Strait of Hormuz reopening, U.S. pump prices are unlikely to return to pre-war levels quickly. Prices remain elevated due to global oil-market volatility and inventory costs, with relief expected in stages over months; a full return to pre-war levels might not occur until early/mid-2027, keeping prices higher through the midterm elections.