Gas Prices Drop After Iran Deal

Gas prices just dropped below $4 a gallon for the first time since March, thanks to a surprise deal between President Trump and Iran that lifts some sanctions in exchange for Iran cutting enriched uranium. The national average hit $3.99, following a 15% plunge in crude oil prices this month — though regional prices vary wildly, from $5.64 in California to $3.58 in South Carolina. The agreement includes a 60-day ceasefire and sets the stage for future nuclear talks, but critics say Iran’s getting a big payoff with little in return. The Strait of Hormuz, which once moved a fifth of global oil, remains disrupted — hundreds of ships are stuck, producers are catching up, and captains remain cautious. Even with falling prices, refineries locked into long-term contracts mean cheaper gas won’t hit pumps overnight. And the ripple effects? Supply chains for everything from food to shoes are still reeling, with businesses bracing for continued high costs. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/ec848048be4ea19a