Warning oil prices may never truly go back to ‘normal’

NewsBusinessWarning oil prices may never truly go back to ‘normal’Rising insurance costs, reduced ship traffic and longer transit routes have all added further friction to global oil supply chainsFlavio Macau The Conversation Wednesday 15 April 2026 12:37 BSTBookmarkCommentsGo to commentsBookmark popoverRemoved from bookmarksClose popover{"translations":{"comments":"Go to comments","share":"Share","copyLink":"Copy link","bookmark":"Bookmark","removeBookmark":"Remove bookmark"},"showComments":true,"showBookmark":true,"articleId":"b2958089","articleMeta":{"url":"https://www.independent.co.uk/news/business/iran-war-oil-price-crude-b2958089.html","title":"Warning oil prices may never truly go back to ‘normal’"}}CloseWhat the Strait of Hormuz looked like before Iran war and after US blockadeFor free real time breaking news alerts sent straight to your inbox sign up to our breaking news emailsSign up to our free breaking news emailsSign up to our free breaking news emailsEmail*SIGN UPI would like to be emailed about offers, events and updates from The Independent. Read our Privacy notice{"className":"sc-1ge0fwe-0","newsletterData":{"regSourceNewsletter":"IND_Breaking_Newsletter","regTitle":"Breaking News","subscriptionGroup":"breaking_news","subscriptionGroupId":"ea81aa66-1d12-4313-9b4e-6f20b0117b8f","type":"breaking_news","pathPrefix":["/news/uk/crime","/news/world","/topic/race","/topic/racism","/topic/race-and-ethnicity","/topic/diversity","/topic/ethnic-minorities","/topic/muslim","/topic/black","/topic/black-british","/topic/african-americans","/topic/systemic-racism","/topic/bame"],"title":"For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails","mobileTitle":"Sign up to our free breaking news emails","imageSrc":"https://static.independent.co.uk/static-assets/images/newsletters/breakingNews1_1.png","label":"I would like to receive breaking news alerts by email","newsletterKey":"receiveIndyBreakingNews","regSourceSecti...