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NBC News

NBC News

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Crude oil prices fall over Iran deal optimism as gas prices continue to rise

Video Overview & Insights

Optimism over a possible deal to end the war with Iran, reported by Axios, sent crude oil futures falling as gas prices continue to rise across the U.S., reaching an average of $4.54 per gallon. NBC News’ Brian Cheung reports on why gas prices are still expected to stay high if talks for a deal remain positive. 

Okay. Lower food prices too and everything else.

— @jjb-j9w

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Yeah, and if you keep your eye on your gas gauge, you'll notice how fast it's going down too. It's not just the price, went up. The actual gas basically, is watered down with ethanol which burns faster

— @deniseriopel9508

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Insanity that a country that offers nothing only an inherent commodity can act as it does. If not for oil in the ground it would be nothing. No ingenuity or discovery. They indulge in something they are plain lucky to have.

— @Rondogg43

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I FILLED UP MY SUBARU OUTBACK YESTERDAY AT BJ’S ,W THE 15 cent reduction, it was $4.22.9 a gallon….down over 89.9 cents since I last filled up. THANK YOU PRESIDENT TRUMP!

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Wonder what the 140 Dead Iranian School Children think?

— @johnberry1107

#Iran #oil #gasprices

More User Perspectives

@

Trump needs to have his diaper changed more often

@jaws2221
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Guess they raised the cost of living high enough but then again we been here this same B's for weeks that it ended but it's all bs

@RaymondNorthcross
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As of early 2026, the United States primarily imports oil from Canada, which provides over 57–60% of total foreign crude, followed by Mexico, Saudi Arabia, Brazil, and Iraq

@johndoe-vx3kf
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Someone has to pay for that new ballroom. But heck we can have kids in the oval office an talk about health concerns that will make it all better. Like South Park said nothing but lies and BS.

@jamesdarby7781
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Still lower than when Biden was pretending to be president.

@trendsphobe
@

0:02

@James-xm2ks
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I can't understand how one man in Washington can have this effect on the whole world what a pity😢

@barbaraktistakis4919
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Nothing but manipulation.
Not even one scrap of evidence for a deal.

@shadowofpain8144
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Trump just said they are preparing to bomb again .. if I lie, I go to prison. There is no such thing as justice.

@dubstepghost001
@

there is no reason for crude oil prices to fall. it's manipulation at it's finest. they drop crude price and raise gas at the pump. Once again they get richer by buying cheaper oil, selling higher gas and we get poorer by buying expensive gas. All you have to do is check shells profits and you will see.

@SrChalice
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Market manipulation. Just another pump and dump by the Trump crime family. They will set fire to the entire world just to keep lining their pockets.

@rotarydave13b
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Corruption at its finest. Trump's presidency allowed him and his family to make billions at the expense of the American people. But they voted for this LOL.

@Zetsumei88
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Iran is really powerless. That's the reason for the price COLLAPSE

@JoeCollazo-c2e
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What happened to drill baby drill?

@Dihmarko
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Meanwhile big oil is reporting record breaking profits while price gouging and Nobody's doing anything about it! We get 7% of Our oil from the Strait, there's No reason this conflict with Iran should be costing so much at the pump.

@killjoy40oz42
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American consumer should declare war on oil traders and oil companies for putting it to Americans they are worse than Iran because they don't give a s*** who they hurt just like I ran so who is the real enemy Big oil

@JamesR-g4j
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Gas companies are price gouging.

@Captain-s1t
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Oil companies have to continue to make their hysteric record profits each day and of course our government is allowing this price gouging to continue! Republicans and Democrats alike!!!

@kevinhampton8974
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$4.54 gas prices where in Florida here in California is almost 6$

@ginafrank1536
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The war with Iran was a ClusterF---. Netanyahu suckerd an unaware, misinformed and gulible 47 into needlessly harming American soldiers, killing Iranians(children), throwing the global economies into a talespin causing economic disruption and destablizing the globe for the glory of military hubris. Coupled with the fact that President Obama had an Iran nuclear deal, formally the Joint Comprehensive Plan of Action (JCPOA), which was an agreement between Iran and the P5+1 (US, UK, France, China, Russia, Germany) to limit Iran's nuclear program in exchange for sanctions relief. It required Iran to reduce its uranium stockpile by 98%, cut centrifuges, and allow extensive IAEA monitoring, effectively increasing its "breakout time" to a nuclear weapon to over one year.

@SeriousPOV
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Maybe just maybe stop relying on oil as your main energy source! Henry Ford built a whole car out of hemp that ran on clean hemp oil but was TOLD use oil by the oligarchs!

@appleknocker56
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Falling?
Still $4.99.9
In (BL)Ohio😠

@EmmyPierz-ek7hi
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Its 5 here indiana

@sheriffwayne8291
@

Goody, some better news. 🥳🥂

@qzorn4440
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How long are they going to go up they are so high now we bearlee take it.

@pperkins953
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We Quit buying gas in May.been using a bicycle

@mikechrisman2076
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Crude oil share price rise again?!

@rohitcr123
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Because our reserves are down and we still have tankers coming.

@jolainemills1003
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Yes I might be an acceptable cost people that make hundreds of thousands in millions a year but not in 98% of the other humans in the world

@roryd2339
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And, how does anyone know if that is just another Trump Lie ?..

@AndreaBreau
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They are price gouging .

@MichiganNorthCountry
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MAGA had ample time to learn about supply and demand when the price of eggs was news, Trump tapped into the hatred of the “poorly educated” and played them all like fiddles.

@chuckkayak68
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At least the traffic will be light.😊

@jbeav3902
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It’s like Mark Twain said. Everyone complains about gas prices but no one does anything about it.

@ws775
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Refiners are shut down.

@jeffdunnell6693
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Because of trump we're paying more at the pump, I went from filling my car up for $30 and now it's costing almost 70, BS

@therifleman5611
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there's no deal, just lies. Trump just lies and lies and lies

@hakuhayashi8188
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Lies ...again.

@SpiritsandShadows66
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Europe has 6 weeks of jet fuel. The oil prices are being optimisticly manufactured. On hand reserves won’t hold the price on ships the if the straight opens today won’t get to markets for months. Plus oil production was stopped beacuse there is no longer any empty containers to put it in.

@jdochert
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The price of crude oil may drop, but will the prices of our daily necessities return to pre-war levels?

@Sandy-tw8ru
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You mean the futures market for crude oil, which is different from the price you would pay for a barrel delivered to you today.

@karenkalweit6018
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I suspect this is just more market manipulation. Sell while high! Next announcement will be the agreement failed, the market will dip. Then them rich folks will BUY the DIP as Eric stated. Then the next announcement will be rinse and repeat. They’ve been manipulating the market since Eric’s daddy took office. Crook in chief.

@Malmo117
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Just more market manipulation.

@gsx600racer
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Oil companies doing their part for world peace - robbing the public.

@gorgthesalty