The temporary truce between the U.S. and Iran cannot reverse the severe damage inflicted on Persian Gulf energy infrastructure, according to Wall Street Journal analysis. Iranian strikes have crippled dozens of refineries, oil fields, and export terminals, ensuring prolonged supply shortages and elevated oil prices. Even if the Strait of Hormuz reopens, the sheer complexity of rebuilding these facilities means global markets will face an extended squeeze.

Damaged refineries mean even if crude flows, shortages of refined products like diesel and jet fuel persist. Conversely, damaged export hubs prevent hydrocarbons from reaching tankers. This damage creates a lasting chokehold on supply, anchoring prices above the Strait bottleneck's usual 20% global oil share.