US gasoline futures held near a more than two-week high at about $3.18 per gallon as slower crude shipments through the Strait of Hormuz and stalled US-Iran negotiations kept supply risks in focus. Prospects for a diplomatic breakthrough appeared limited after President Trump signaled plans to increase economic pressure on Tehran and Treasury Secretary Scott Bessent said new sanctions could be announced this week. Vessel attacks in the waterway, including on ships linked to Abu Dhabi National Oil Co., added to concerns, although Middle Eastern producers continue to move substantial crude volumes through the Persian Gulf. The fuel market was also supported by disruptions in Russia, where repeated Ukrainian strikes on oil refineries have strained supplies, led to gasoline rationing in at least two regions and prompted restrictions on refined-product exports. Russia has since extended its diesel export ban until January 2027, preserving pressure on global middle-distillate availability.