U.S. President Donald Trump dismissed projections that gasoline prices may
remain above $3 per gallon until next year, saying prices will decline once the
Iran conflict ends. His comments contrast with Energy Secretary Chris Wright’s
view that fuel costs could stay elevated for longer. U.S. gasoline prices are
currently around $4 per gallon, having risen sharply amid supply disruptions
linked to tensions in the Strait of Hormuz, while oil has traded near or above
$90 a barrel. (reuters.com)