Expert says finalized US-Iran deal to open Strait of Hormuz could lower gas prices

(15 Jun 2026) RESTRICTION SUMMARY: ASSOCIATED PRESS Columbus, Ohio – 15 June 2026 1. Various of customer at gas pump 2. Tight of sign of gas prices ASSOCIATED PRESS Chicago – 15 June 2026 3. SOUNDBITE (English) Patrick De Haan, Vice President of Petroleum Analysis and Media Relations at Gas Buddy: “Nothing's really changed yet. The price of oil is moving and that will likely start to impact gas prices as early as later tonight. But for the moment, there is like a lag time to how markets respond and how quickly that shows up to gas stations.” ASSOCIATED PRESS Strait of Hormuz - 15 June 2026 4. Wide of ships in Strait of Hormuz ASSOCIATED PRESS Chicago – 15 June 2026 5. SOUNDBITE (English) Patrick De Haan, Vice President of Petroleum Analysis and Media Relations at Gas Buddy: “We've been in this situation before where there's a deal that may be imminent, but then it falls apart. So, you know, while we're a little better off with the optimism of a deal happening, we have not yet seen the effects of the deal itself. So it's still too early to say the coast is clear.” ASSOCIATED PRESS Columbus, Ohio – 15 June 2026 6. Various of gas stations 7. SOUNDBITE (English) Bryce Borton, Ohio Resident: “I would say, I do think about it before I take any superfluous trips or take any additional trips. You know, I do take gas into consideration whereas I didn’t used to.” 8. Medium of cars on road 9. Various at gas stations 10. SOUNDBITE (English) Bryce Borton, Ohio Resident: “It’s definitely hitting the pocketbook and it’s obviously hitting, you know, the price of groceries and everything else as well. I don’t know, I don’t blame it on the war per say, I mean, that obviously has a lot to do with it, but our economy in general is just ridiculous right now. The inflation that started back with Biden and has just continued.” ASSOCIATED PRESS Strait of Hormuz – 11 June 2026 11. STILL of ships in the Strait of Hormuz (AP Photo by Amirhosein Khorgooi, ID: 26162502155547) ASSOCIATED PRESS Columbus, Ohio – 15 June 2026 12. SOUNDBITE (English) Lewis Herman, Ohio Resident: “I usually spend about $40 a week, but now it’s more like $80, so, I understand, so, you gotta live with it.” 13. Various of gas stations ASSOCIATED PRESS Chicago – 15 June 2026 14. SOUNDBITE (English) Patrick De Haan, Vice President of Petroleum Analysis and Media Relations at Gas Buddy: “If this deal pans out, if the Strait reopens for the rest of the summer, it could mean gas prices that stay below $4 a gallon nationally, and it could mean diesel prices also see a fall below the $5 mark. So there's a lot of reasons to be optimistic, but we've also seen deals fall apart in the last couple of months as well. So optimistic with some pessimism.” ASSOCIATED PRESS Glenview, Illinois - 14 May 2026 15. STILL of prices at a gas station pump (AP Photo by Nam. Y. Huh, ID: 26134697811313) STORYLINE: Stock markets are rallying worldwide Monday, and oil prices are easing after the United States and Iran reached a tentative deal to extend their ceasefire and reopen the Strait of Hormuz to get the global flow of crude going again. The S&P 500 rose 1.9% on hopes that this time, the announcement of an Iran-U.S. agreement will mean a long-term fix to a conflict that has worsened inflation around the world. The Dow Jones Industrial Average was up 705 points, or 1.4%, as of 1:32 p.m. Eastern time, and the Nasdaq composite was 3% higher. AP Video by Patrick Aftoora-Orsagos =========================================================== Find out more about AP Archive: http://www.aparchive.com/HowWeWork Twitter:   / ap_archive   Facebook:   / aparchives   ​​ Instagram:   / apnews   You can license this story through AP Archive: http://www.aparchive.com/metadata/you...