The Washington Times stories: Politics

Gas prices could start falling within days, but ceasefire wild cards remain

Apr 8, 2026Center Right

The two-week ceasefire between the U.S. and Iran caused oil prices to plummet on Wednesday, meaning American drivers should see lower gas prices down the road.

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2 related stories from other outlets

Why oil prices are falling faster than gas prices after the Iran ceasefire

Washington Examiner

Apr 9, 2026

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Why oil prices are falling faster than gas prices after the Iran ceasefire

When President Donald Trump announced the ceasefire with Iran and the reopening of the Strait of Hormuz on Tuesday, the oil market immediately reacted, showing a sharp drop in the price per barrel, while regular gas prices have been slower to adjust to the news. Immediately following news of the ceasefire brokered between the United…

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Oil Prices Fall, but Energy Firms Remain Frozen After U.S.-Iran Deal

The New York Times

Apr 8, 2026

Good Match

Oil Prices Fall, but Energy Firms Remain Frozen After U.S.-Iran Deal

Analysts said oil and natural gas energy companies would not quickly restore production unless attacks stopped and ships started moving through the Strait of Hormuz.

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