Core Insights - The ceasefire between Israel and Iran has reduced supply risks in the Middle East, leading to a decline in oil prices [1] - U.S. gasoline prices have followed the trend of oil futures, experiencing a drop of 5% within the day, marking a two-week low [1] Industry Impact - The reduction in geopolitical tensions in the Middle East is likely to stabilize oil supply chains, which could positively influence global oil markets [1] - The decrease in gasoline prices may provide relief to consumers and impact overall demand dynamics in the energy sector [1]