Recent reports indicate that the average price of petrol in the United States has fallen below $4, marking a significant decline as it reaches its lowest point in almost two months.
This decrease in fuel prices comes in the wake of a deal aimed at reopening the Strait of Hormuz, a crucial waterway for oil transport.
Despite the positive trend at the pump, analysts have expressed concerns that the risk of a price surge has not entirely vanished, suggesting that market volatility could still pose challenges.