Gasoline Futures Slip

2026-04-21 01:00 By Kyrie Dichosa 1 min. read

US gasoline futures slipped below $3.10 per barrel on Tuesday, halting gains from the prior session, as markets assessed signals that Iran could participate in US talks before the ceasefire expires.

Tehran is said to be dispatching a delegation to Islamabad despite previous reluctance to re-engage in negotiations, though the head of the delegation has not been confirmed.

However, tensions remained elevated after President Trump earlier said extending the truce was highly unlikely and warned of overwhelming military force.

Iran’s chief negotiator also accused the US of applying pressure to talks, rejecting dialogue under threats and cautioning of escalation.

Continued conflict across the Middle East has driven significant volatility in energy markets since March, especially with the Strait of Hormuz still closed.

The ongoing standoff at this critical chokepoint raises the risk of a deeper global energy crisis.



News Stream
Gasoline Futures Slip
US gasoline futures slipped below $3.10 per barrel on Tuesday, halting gains from the prior session, as markets assessed signals that Iran could participate in US talks before the ceasefire expires. Tehran is said to be dispatching a delegation to Islamabad despite previous reluctance to re-engage in negotiations, though the head of the delegation has not been confirmed. However, tensions remained elevated after President Trump earlier said extending the truce was highly unlikely and warned of overwhelming military force. Iran’s chief negotiator also accused the US of applying pressure to talks, rejecting dialogue under threats and cautioning of escalation. Continued conflict across the Middle East has driven significant volatility in energy markets since March, especially with the Strait of Hormuz still closed. The ongoing standoff at this critical chokepoint raises the risk of a deeper global energy crisis.
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