Trump touts Iran deal as WTI falls to $75.41 a barrel, but U.S. gasoline averages $4.044 a gallon

President Donald Trump has promoted a U.S.-Iran agreement that has helped push oil prices lower as traders anticipate a gradual restoration of shipping through the Strait of Hormuz. WTI was at $75.41/bbl and Brent fell 0.71% to $78.40 at the time of publication. Gasoline prices in the U.S. remained elevated, with the national average at $4.0440 per gallon and several states still above $5. Analysts said full normalization of traffic could take months and any setback could quickly lift oil prices again.