Traffic and trepidation in the Persian Gulf could keep gasoline prices from dropping quickly

NewsWorldEuropeTraffic and trepidation in the Persian Gulf could keep gasoline prices from dropping quicklyOil prices plunged and the stock market rallied after U.S. President Donald Trump and Iran’s foreign minister said that the Strait of Hormuz is fully openCathy Bussewitz Friday 17 April 2026 22:30 BSTBookmarkBookmark popoverRemoved from bookmarksClose popover{"translations":{"comments":"Go to comments","share":"Share","copyLink":"Copy link","bookmark":"Bookmark","removeBookmark":"Remove bookmark"},"showComments":false,"showBookmark":true,"articleId":"dbd3d413017078988cacac046169d651","articleMeta":{"url":"https://www.independent.co.uk/news/world/europe/iran-donald-trump-strait-of-hormuz-persian-gulf-middle-east-b2960164.html","title":"Traffic and trepidation in the Persian Gulf could keep gasoline prices from dropping quickly"}}Traffic and trepidation in the Persian Gulf could keep gasoline prices from dropping quicklyShow all 6{"adUnitPath":"71347885/_main_independent/gallery","className":"","title":"Traffic and trepidation in the Persian Gulf could keep gasoline prices from dropping quickly","gallery":[{"data":{"title":"Iran War","description":"Backdropped by ships in the Strait of Hormuz, damage, according to local witnesses caused by several recent airstrikes during the U.S.-Israel military campaign, is seen on a fishing pier in the port of Qeshm island, Iran, Monday, April 13, 2026. (AP Photo/Asghar Besharati)","caption":"Iran War","copyright":"Copyright 2026 The Associated Press. All rights reserved","credit":"ASSOCIATED PRESS","alt":null,"url":"https://static.independent.co.uk/2026/04/17/22/Iran_War_863_1.jpg","id":"ef33ee6a243540f79027e984cf526639","mid":6631016,"uid":0,"smartframe":null,"extra":{"imageSize":{"width":6000,"height":4000}}},"type":"image"},{"data":{"title":"Iran War","description":"Backdropped by ships in the Strait of Hormuz, damage, according to local witnesses caused by several recent airstrikes during the U.S.-Israel military campaign...