Former President Donald Trump has warned Americans to brace for higher gasoline prices amid escalating rhetoric against Iran. This tension follows a series of U.S. and Israeli military strikes within Iran, along with Iranian retaliations affecting regional stability and oil shipments through the Strait of Hormuz. Markets are interpreting Trump’s remarks as consistent with a decrease in the likelihood of reaching a comprehensive U.S.-Iran deal, particularly one involving reconstruction funding. The probability of Iran Reconstruction Funding being included in a U.S.-Iran agreement has dropped from 26% to 21% over the past 24 hours, signaling growing skepticism among market participants about diplomatic resolution prospects.
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