Trump Claims Gas Price Win as Oil Reserves Hit 43-Year Low

U.S. gas prices are poised to fall below $4 a gallon for the first time in nearly two months after the U.S. and Iran agreed on June 14 to reopen the Strait of Hormuz. The White House is framing the move as a Trump victory, according to BeInCrypto, though analysts note prices had already been sliding for three weeks. Since May 21, the national average fell from $4.56 to $4.12 as crude settled below $100 a barrel; gas is still 28% above a year ago. Brent fell 5% to $83.13 on Monday, June 15. The U.S. Strategic Petroleum Reserve is at its lowest level since 1983, the EIA said.