Monday may be a day when the Trump administration and the president may get to do a little bragging, maybe some chest-puffing, over events in the Middle East and their effects on energy prices. President Trump would seem to have already begun that process, taking to his Truth Social account to note that tankers are now, once more, moving through the Strait of Hormuz in the wake of a peace deal with Iran.
— Rapid Response 47 (@RapidResponse47) June 15, 2026
The president writes:
Ships are starting to move, many loaded up with Oil, out of the Strait of Hormuz. They are going along the Southern “Highway,” which is totally safe, secure, and pristine. There are other areas of travel, also!!! President DJT
That's good news. But it gets better. International markets seem to already be reacting to the Iran/USA deal.
Read More: BREAKING: Trump Announces Peace Deal With Iran
Trump Claims New Agreement Secures an End to Iran's Nuclear Ambitions
Stocks are up, and oil prices are starting to trend downward, as well, in what seems an atypically quick reaction by the world markets.
Oil prices on Monday fell to their lowest level since March after U.S. officials announced an agreement between the United States and Iran.
West Texas Intermediate futures price, the benchmark index for U.S. trading, registered at about $80.40. That figure, which amounted to a 5% drop on Monday, marked the lowest price since March 5, just a week after the outbreak of the Iran war.
Stock prices, meanwhile, climbed on hopes of a resolution to the Iran war. The Dow Jones Industrial Average jumped 530 points, or 1%, while the S&P 500 increased 1.4%. The tech-heavy Nasdaq rose 2.3%.
Americans have already seen some effects at the gasoline pumps:
Gas prices have fallen toward $4 per gallon in recent weeks, nearing the milestone as oil costs have eased in response to negotiations between the U.S. and Iran.
The national average price of a gallon of gas stands at $4.06, marking a decline of 46 cents, or 10.2%, over the past month, AAA data showed. Gas prices, however, remain $1.08 higher than where they stood before the Iran war.
All good news, if it lasts. Iran isn't exactly the most stable regime in the world, and even though they have just suffered one of the worst drubbings in the history of military operations, they just plain can't be trusted. But for now, the indications are good. Oil is flowing, and markets are reflecting the easing of energy costs.
That's key. The cost of energy is at the heart of every aspect of the global economy. A drop in oil prices, if it holds, will be a Hormuz-sized rising tide that raises all the tankers. And, we should note, if this holds and if, in the famous manner of the dropping feather, gas and diesel prices start to reflect this, then it's a big, big headache alleviated for Republicans seeking office in November's general election.
Iran is, however, still not to be trusted. The old phrase "trust, but verify" must be amended in the case of Iran to "never trust, always verify."
For now, though, the Trump administration and the president are justified in taking a victory lap.
Editor’s Note: Thanks to President Trump and his administration’s bold leadership, we are respected on the world stage, and our enemies are being put on notice.
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