U.S. Gasoline Tops $4.50 As "Shock & Awe" Level Approaches
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Source: Zero Hedge
Published: 2026-05-06 23:40 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Middle East, Military & Defence, Iran, Energy, War & Conflict
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Snippet:
WTI futures plunged more than 11% to the $90-a-barrel level after Axios reported earlier this morning that the U.S. is nearing a preliminary agreement with Iran to end the war. The sharp decline suggests traders are beginning to price in a potential geopolitical de-escalation and the potential reopening of the Hormuz chokepoint.
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