US gasoline futures fell below $3.10 per gallon, halting recent gains, as markets assessed signals that the US may soon lift sanctions on Iranian oil at sea to ease price pressures. Treasury Secretary Scott Bessent noted the move could involve about 140 million barrels and help cap prices over the next 10–14 days. Meanwhile, President Donald Trump said the US has no plans to deploy ground troops, while Benjamin Netanyahu signaled Israel would refrain from additional strikes on Iranian energy facilities, easing concerns over further damage to infrastructure that could trigger deeper disruptions. Still, gasoline remained up more than 1% this week and has surged 30% so far this month, amid Strait of Hormuz traffic bottlenecks. Seasonal demand is also adding to the strain as spring travel picks up and refineries switch to costlier summer fuel blends.
