Trump Called Fresh Iran Strikes Unlikely. Did Gasoline Fall?

Monday morning oil futures were lower after President Donald Trump said fresh attacks on Iran were highly unlikely as talks continued. No new U.S. gasoline price was established.

This updates earlier Monday quotes that had not yet shown these levels. CNBC reported West Texas Intermediate around $87 a barrel, about 3% lower, and Brent near $94, about 4% lower. Another CNBC update put the WTI decline at 3.7%, still near $87. These are intraday snapshots, not a settlement. The coverage also said attacks on ships near the Strait of Hormuz were still keeping supply concerns in focus. That is a reported risk, not a new measured halt in oil flows.

Fuel-buying transport companies rose in that trading. American and United were up more than 6%, Delta about 4.6%, Carnival about 4%, and Royal Caribbean and Norwegian more than 3%. Shares of Exxon Mobil, Chevron, ConocoPhillips, Occidental, and EOG fell. A stock move is not a posted airfare or a pump price.

Did Monday's drop in crude cut the gasoline price you pay? No pump-price change was established. The new facts are intraday futures near $87 for U.S. crude and $94 for Brent, plus Trump's comment that fresh Iran strikes were highly unlikely.