When Will Gas Prices Fall? Iran Ceasefire May Not Bring Quick Relief as Oil Rebounds
American motorists shouldn’t expect gas prices to drop soon, despite that two-week U.S.-Iran ceasefire sending oil tumbling earlier in the week. Brent crude bounced back, climbing about 3% on Thursday. Meanwhile, traffic through the Strait of Hormuz has barely budged, signaling that the main supply routes are still largely stalled.