Oil prices ended this past week still above $100 a barrel. With President Trump claiming to have made progress on the Strait of Hormuz, we might finally see a fall in prices.
President Trump claims to have given Iran 48 hours from Saturday night to open the Strait of Hormuz for passage. At this point in time, there has not been any sort of movement allowed through the passage. The talks to open the Strait mean that we are more than likely not to see the end of the war in Iran. Ex-Energy Secretary Dan Brouillette says he believes we will see a drop in oil prices in the coming weeks.
With gas prices staying above $3.50 across most of America, citizens cannot keep up with the prices for much longer. The war in Iran may end in 2 days or 2 years; no one knows. The US government must find a way to lower these prices to keep citizens across the nation from falling behind financially.
https://www.axios.com/2026/03/22/iran-war-oil-trump-hormuz-strait-threat
This situation feels like a high-stakes game of chicken where our wallets are the collateral damage. Watching oil prices spike toward $107 while we wait on these 48-hour ultimatums is exhausting because "progress" in a tweet doesn't actually lower the $3.93 national average we're seeing at the pump.
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