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

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.

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

The closure of the Strait of Hormuz has displaced tens of millions of barrels of crude since the war began in February.