Why a peace deal with Iran won't save the economy from energy-market chaos this summer

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• An Iran peace deal won't be an quick fix for fuel shortages and high oil prices.
• Market distortions will still impact the economy even if a peace deal is finalized soon.
• Crude reserves will likely be depleted right as summer begins, according to some forecasts.

A US-Iran peace deal may be close, but relief from the disruptions caused by the conflict is a more distant reality.

That idea that the conflict's end...