SignificantEconomythehill·The Hill

Strait of Hormuz deal expected to bring some relief at the pump, but prewar gas prices could be elusive

A tentative U.S.-Iran peace deal is expected to increase traffic through the Strait of Hormuz, a key oil shipping lane. Even if the agreement holds, prewar gasoline prices could remain elusive for Americans.

Impact Score

6/10

Tuesday, June 16, 2026 at 06:00 AM EDT

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