US Expects Iran War Oil Disruptions Through End of 2027

US energy officials now project Strait of Hormuz shipping disruptions tied to the ongoing US-Iran conflict will persist through end of 2027, with oil flows still averaging under a quarter of pre-war levels. The EIA has raised its 2026-2027 gasoline and diesel price forecasts, signalling sustained inflationary pressure from a war now in its sixth month with no resolution to reopen the strait. A regional conflict once expected to be brief is instead becoming a prolonged structural shock to global energy markets and consumer prices.