local
Oil prices steady as Iran deal holds
By Jon Decker at KGNS — Sitewide
· June 24, 2026
· 1 min read
WASHINGTON (Gray DC) - Thanks to the U.S.-Iran interim peace agreement, crude oil has once again continued to flow through the Strait of Hormuz. And that has led to a further decline worldwide in oil prices.With the strait now reopened to all cargo ships, the price of crude fell roughly four perc...
Key takeaway With the strait now reopened to all cargo ships, the price of crude fell roughly four percent on Wednesday to about $74 a barrel.
Why this matters in The Laredo
For Laredo residents, the steady oil prices brought about by the U.S.-Iran interim peace agreement may offer some relief from rising fuel costs. With the national average gas price holding at $3.93 a gallon, local commuters and businesses that rely on transportation may see some stability in their expenses. However, the 32 percent increase in gasoline prices since the war began still poses a challenge for many in the community. As the city's economy continues to grow, with a strong focus on transportation and trade, the impact of oil prices on local businesses and residents will be closely watched. The stability of oil prices may also have implications for the city's transportation infrastructure, including the maintenance and development of roads and highways, which are crucial for the city's economic growth and development.
About this story
Original reporting by KGNS — Sitewide . The Laredo surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit KGNS — Sitewide . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: June 24, 2026 ·
Source: KGNS — Sitewide ·
Reading time: 1 min
Get more The Laredo stories like this
Free weekly briefing covering local and other local news. Curated by our editorial team. No spam.
By subscribing you agree to our privacy policy . Unsubscribe anytime.
Frequently asked about this story
What is this story about? WASHINGTON (Gray DC) - Thanks to the U.S.-Iran interim peace agreement, crude oil has once again continued to flow through the Strait of Hormuz. And that has led to a further decline worldwide in oil prices.With the strait now reopened to all cargo ships, the price of crude fell roughly four perc...
When was this published? This article was first published on June 24, 2026 by KGNS — Sitewide and curated for The Laredo readers.
Who reported this story? This story was reported by Jon Decker at KGNS — Sitewide. To learn more about how The Laredo selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The Laredo, or browse our daily briefing and topic hubs .
← Back to all news
More local →
Today’s briefing
Subscribe to newsletter