All assets are falling. US stocks are down, gold is down, even Bitcoin is down, only crude oil prices are still hovering around $100.
US fuel prices have risen again, with diesel prices exceeding $5 per gallon for the first time since 2022, and gasoline prices approaching the national average of $4, and even higher in some areas.
In response, Vice President JD Vance is meeting with major oil and gas companies, while the White House is preparing further measures to lower oil prices.
President Trump took action, releasing 172 million barrels of oil from the Strategic Petroleum Reserve and temporarily easing shipping regulations, allowing cargo between US ports to pass without using US-flagged vessels for 60 days. At the same time, the International Energy Agency and its 32 member countries agreed to release 400 million barrels of oil from its emergency reserves.
However, oil prices remain high. The message is clear: the conflict must be resolved quickly to restore oil shipping through the Strait of Hormuz.