Washington, Aug. 8 -- US President Donald Trump expressed optimism that fuel prices could decline as negotiations between the United States and Iran over the Strait of Hormuz move closer to a potential agreement.

According to Fox News, Trump said progress in the talks could help stabilise one of the world's most critical maritime trade routes for oil shipments, raising hopes of lower gasoline prices if the negotiations are successfully concluded.

President Trump made the remarks speaking to reporters at the Oval Office on Thursday (local time), also voicing confidence that the conflict involving Iran would end "pretty soon," saying he did not believe the Islamic Republic could sustain the confrontation much longer. He reiterated that th...