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U.S. Gasoline Futures Fall Below $3.60 as Middle East Tensions Ease

GateNews
Commodities
According to reports, U.S. gasoline futures fell below $3.60 per gallon on April 24 as markets bet on de-escalation in Middle East tensions. President Donald Trump announced a temporary halt to efforts guiding ships stuck in the Strait of Hormuz, creating space for final negotiations with Iran aimed at ending the conflict, while maintaining the blockade on Iranian ports. Secretary of State Marco Rubio stated that the Middle East ceasefire agreement remains in effect and the U.S. military's first major operation against Iran has concluded, further stabilizing market sentiment. The U.S. Energy Information Administration reported that for the week ending April 24, gasoline demand increased while inventory declined and production fell slightly.
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