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Fuel Prices May Stay High if US-Iran Deal Fails
Experts warn that petrol prices could remain high if ongoing negotiations between the United States and Iran fail to reach an agreement, keeping global oil markets under pressure.
ND
by News Desk
2026-04-20
Fuel Prices May Stay High if US-Iran Deal Fails

Global fuel prices are expected to remain elevated if a deal between the United States and Iran is not reached, as ongoing uncertainty continues to impact energy markets.

According to a report, US Energy Secretary Chris Wright warned that the effects of the conflict involving Iran are likely to persist, influencing both global energy markets and the broader economy.

He cautioned that petrol prices in the United States could stay above $3 per gallon into next year, adding that any meaningful decline would largely depend on the resolution of the conflict.

The energy secretary noted that fuel prices have already reached high levels and are unlikely to see a significant drop in the near term.

Meanwhile, developments in US-Iran negotiations are being closely watched, with expectations that further diplomatic efforts could play a key role in stabilizing global oil markets. 
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