GasBuddy analyst Patrick De Haan has warned that Iran's demands for concessions from the U.S. over the Strait of Hormuz's reopening risk sending oil and gas prices climbing again as tensions continue between Washington and Tehran.
Gas May Not Remain Below $4/Gallon In a post on X on Sunday, De Haan said that the national average price for a gallon of gas in the U.S. fell below the $4 mark based on live data; he also pointed to a decline in diesel prices.
Read Also: Gavin Newsom Says Strait of Hormuz Is Closed Despite Trump's Claims—UKMTO Reports Explosion Near Vessel However, the analyst warned that Iran was "trying to win new concessions" over the Strait of Hormuz, which is casting a shadow of uncertainty over the waterway's reopening.
De Haan also said that there was a "rising risk of prices eventually climbing again." the national average price of gasoline has again fallen below $4/gal based on live GasBuddy data while diesel has declined as well. but w/Iran now trying to win new concessions, there's growing doubt about the Strait opening and rising risk of prices eventually climbing again pic.twitter.com/vt1Rv78kps— Patrick De Haan (@GasBuddyGuy) August 9, 2026 Iranian Foreign Minister Abbas Araghchi on Sunday said that the U.S. would need to meet its demands for the Strait of Hormuz to reopen.
