US Gasoline Prices Fall Below $4 Per Gallon Following Iran Agreement
U.S. gasoline prices dropped below the $4 per gallon mark on Thursday for the first time since March. The decline follows a new agreement between the U.S. and Iran concerning uranium stockpiles and sanctions.
Amalgamated from ABC News (opens in new tab), The Independent (opens in new tab)
U.S. gasoline prices fell just below a nationwide average of $4 per gallon on Thursday, marking the first time the cost has reached this level since March. The price movement follows a new agreement signed by President Donald Trump with Iran regarding uranium stockpiles and sanctions.
According to reports from ABC News and The Independent, the deal requires Tehran to dilute its existing stockpile of highly enriched uranium. The agreement also includes a waiver of sanctions backed by the U.S. on the country.
The reports indicate that the price decrease occurred shortly after the formal signing of the accord between the two nations.