Why crude prices won’t fall back to levels seen before the Iran war anytime soon

slb and halliburton both said this week they expect crude prices to stay higher for longer. that means gasoline prices aren't coming down anytime soon either. the two oilfield service giants are effectively betting that the supply-demand math doesn't let up — and that the market has permanently repriced after the iran conflict. the immediate effect hits at the pump. gasoline is the most visible product tied to crude, and higher crude means higher prices for drivers. neither slb nor halliburton gave a specific price target, but their "higher for longer" language is a clear signal that the cheap oil days before the war aren't coming back.