US gasoline futures rose toward $3.30 per gallon, ending a three-session decline, as tighter supply prospects outweighed hopes that the Strait of Hormuz could reopen. EIA (U.S. energy data agency) figures showed gasoline inventories fell by 2.536 million barrels in the week ending August 21st, leaving stocks 6% below the five-year average. Ukraine continues striking major Russian refineries, pushing refinery runs toward multiyear lows, while Moscow extended its gasoline export ban. AAA said the average US regular gasoline price rose to $4.101 per gallon on August 26th. Oman and Iran reached an agreement over use of the Strait of Hormuz, but Tehran warned that the deal would not result in an immediate reopening. Saudi Arabia’s oil loadings also appear to be rising sharply as shipments are redirected because of threats from Yemen’s Houthis in the Red Sea.