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Iran war energy shock keeps U.S. fuel prices from falling quickly

The fuel price pattern is expected to persist even if conflict around the Strait of Hormuz eases, CNBC Markets says.

Reported · Written up by our desk · Energy

CNBC Markets reports that the Iran war is creating a persistent energy-market shock that is starting to affect the U.S. economy through higher gas and diesel prices.

The outlet argues the market is facing a new asymmetry, meaning fuel prices may not drop quickly even if the shooting linked to the Iran war and the Strait of Hormuz ends.

According to CNBC Markets, that dynamic points to longer-lasting pressure on fuel costs in the U.S., rather than a rapid normalization of prices after any ceasefire-related improvement.

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