GasBuddy analyst Patrick De Haan on Sunday called for cautious optimism over an agreement between the U.S. and Iran that would end the blockade over the Strait of Hormuz and bring an end to the war, leading to a smooth flow of oil.
U.S.-Iran Deal Struck In a series of posts on the social media platform X, De Haan said that while an agreement had been reached between Washington and Tehran, "the next few days will be key to see if the agreement sticks, and if traffic begins moving in the Strait." Read Also: Bitcoin, Ethereum, XRP, Dogecoin Climb Trump Declares Iran Deal 'Complete': Analyst Predicts BTC Move Above Key Level To Fuel 'Risk-On Appetite' He then said that the agreement had led to a 5% decline in the West Texas Intermediate (WTI) crude price, adding that the "national average price of gasoline may continue to fade." The U.S. and Iran signaling a deal has been struck.
The next few days will be key to see if the agreement sticks, and if traffic begins moving in the Strait.
WTI crude down 5%, as more confirmations come in days ahead, national average price of gasoline may continue to fade.— Patrick De Haan (@GasBuddyGuy) June 14, 2026 Gas Prices Could Fall Below $3.75/Gallon In the same thread, De Haan said that the national average gas price could fall below $3.75/gallon by the Fourth of July.
