Gas prices fell on hopes of a peace deal between the U.S. and Iran, though it may take time for shipping in the Strait of Hormuz to return to pre-war levels.

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

Crude oil prices also fell more than $4 a barrel on Monday after President Trump announced an Iran deal.

Producers will need time to ramp up output, while port bottlenecks and heightened demand will keep US prices up.

US gasoline prices remain 37% above pre-war levels despite the US-Iran peace deal. Here's what it means for oil, Bitcoin, and crypto investors.

Oil prices are falling after a tentative agreement to reopen the Strait of Hormuz, but broader relief from higher prices may take time.

Americans have collectively spent about $46 billion more on gasoline since the start of the war

The US and Iran are set to sign the agreement on Friday, with oil prices already falling off the back of hopes that the Strait of Hormuz will reopen

US and Iran set to sign a deal Friday ending nearly four months of conflict. Oil dropped $4 per barrel, but gas price relief could take months to

Inflation recently hit a three-year high, and some analysts warn consumer prices may take some time to come down.

Oil prices drop as U.S. and Iran sign a peace deal, easing supply concerns and impacting global markets.

Crude prices have plummeted more than 15 per cent since last week and are almost back to pre-war levels. Read more at straitstimes.com. Read more at straitstimes.com.

Oil prices fell in early trading, post US and Iran interim agreement that would end the war, reopen the Strait of Hormuz and waive US sanctions on Tehran's oil. | World News

Gas prices fall below $4 as US-Iran deal reopens the Strait of Hormuz. Crude oil reaching a new all-time high by September 30 at 8.5% YES.

Gas prices are still 30% higher compared to what drivers paid before the U.S. and Israel attacked Iran on Feb. 28.

US gasoline prices dropped below $4 per gallon after the US-Iran deal to reopen the Strait of Hormuz sent oil benchmarks tumbling more than 6%.

Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or…

US gas prices dropped below $4 per gallon after Trump signed a deal with Iran to reopen the Strait of Hormuz, sending oil down 4% and boosting crypto

Trump hopes oil prices will come down immediately, but economists say this probably won’t happen

Gas prices fell on hopes of a peace deal between the U.S. and Iran, though it may take time for shipping in the Strait of Hormuz to return to pre-war levels.