Gasoline prices in Qatar rose in May 2026, reflecting ongoing tensions from the Iran conflict. Meanwhile, Donald Trump predicts a decline in U.S. gasoline prices once the war in Iran concludes.
The war in Iran has significantly disrupted global oil supplies. As a result, gasoline prices have climbed, with Gasoline 95 (super) now priced at QR2.10 per litre and Gasoline 91 (premium) at QR1.90 per litre. Diesel prices remain stable at QR2.05 per litre.
Trump stated, “When the war in Iran ends, you will see gasoline prices come down very substantially.” His comments come as the conflict has seen Iran’s oil exports plummet by 80% since early 2024.
In March 2025, the national average for regular unleaded gasoline in the U.S. reached $4.85 per gallon — a significant increase from $3.20 before the Iran conflict began. The price spike of about 15% followed heightened tensions, with an additional 10% rise after sanctions tightened.
John Miller from the International Energy Agency cautioned that even if hostilities cease today, it would take weeks for lower crude prices to reach consumers at the pump.
Observers note that while Trump’s prediction may reflect optimism for future price reductions, uncertainties linger regarding how geopolitical events will continue to influence gasoline demand and overall energy costs.
The timeline for potential price drops remains unclear as officials have not confirmed specific details related to post-war market adjustments.