"The next several weeks will be key - one major slip up could impact greatly prices moving forward. And with so many speedbumps in this situation..."

The average price of a gallon of gas has fallen nearly 9% over the past month.

The higher oil price environment may extend well into 2028 as the world refills its depleted energy reserves, analysts warned.

Oil prices dropped, while markets cheered apparently progress after Donald Trump said an agreement with Iran had been reached and the US would end its naval blockade on the…

At 0045 GMT, US benchmark West Texas Intermediate was down 4.70 percent at $80.89 a barrel and North Sea Brent Crude sunk 4.03 percent to 83.81 percent. | World News

Oil prices fell sharply as President Trump announced a US-Iran deal ending the naval blockade, with Brent crude dropping 3.9% to $84 a barrel, its lowest since March.

US-Iran peace deal sparks immediate drop for Brent crude but analysts warn complex negotiations lie ahead, potentially halting further significant drops

Oil prices fell to a three-month low after the US and Iran's peace deal

"The next several weeks will be key - one major slip up could impact greatly prices moving forward. And with so many speedbumps in this situation..."

Brent crude dropped over 4% to $83.04 as Iran-US peace talks raise hopes of reopening the Strait of Hormuz. Bitcoin rose 2% to $65,800 on improved risk

Markets welcome US-Iran peace deal but prices may stay high as buyers race to refill depleted emergency crude stockpiles

US-Iran peace deal reopens Strait of Hormuz, pushing crude oil prices down and setting expectations for lower gas prices. Bitcoin also rallies toward $74K.

"Average gasoline prices fell in 47 states over the last week, with the national average dropping..."

Crude has tumbled a third since the Strait of Hormuz peace deal, but pump prices are down just 15%. The rockets-and-feathers effect, explained.

Line go up (as long as you believe).

US gas prices fell below $4 per gallon as the Strait of Hormuz reopened under a US-Iran peace deal. Brent crude dropped 11%, and Bitcoin rallied on the

Consumers have paid $59 billion more for gas this year since February 28 than they did in 2025