Strait of Hormuz deal could come this week as gas prices hover high

Trump says a deal to reopen the Strait of Hormuz could be reached by Wednesday or Thursday, potentially easing gas prices to about $2.50 a gallon, though current U.S. averages sit around $4.08 per gallon. Talks with Iran are underway, with mediators signaling progress, while regional tensions persist elsewhere in the Middle East, including Gaza rocket activity and Houthi strikes, illustrating a broader backdrop of conflict and diplomacy.