24 Hrs
Source:
The Guardian
Gas prices drop below $4 following Iran deal signing
Gas prices in the US have dropped below $4 per gallon for the first time since March, following a preliminary agreement between the US and Iran to end the conflict and reopen the Strait of Hormuz. Despite the decline, prices remain about $1 higher than before the US-Israel attack on Iran and approximately 25% above last year's levels. Experts warn that fuel costs and overall inflation are likely to stay elevated due to ongoing supply chain disruptions and limited refinery capacity.
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