The prospect of a ceasefire between the U.S. and Iran may not bring immediate respite to the escalating global fuel prices, warns a top energy analyst.

Patrick De Haan, head of petroleum analysis at GasBuddy, took to X on Monday to underscore that “A cease-fire itself would do little or nothing to impact oil prices directly, unless it directly and clearly impacts the current de-facto shutdown status of the Strait of Hormuz,” De Haan wrote. 

On talks of a cease-fire between US and Iran:A cease-fire itself would do little or nothing to impact oil prices directly, unless it directly and clearly impacts the current de-facto shutdown status of the Strait of Hormuz. If and when the Strait can fully re-open, only after…

— Patrick De Haan (@GasBuddyGuy) April 6, 2026

Despite the Trump administration’s assurances that the heightened gas prices are a temporary issue for Americans amid the ongoing Iran war, De Haan indicated that the situation is not that straightforward.

He suggested that the ceasefire speculation has led to “premature ...