Episode Details

Gas prices in the U.S. just dropped below $4 a gallon for the first time since March—thanks to a surprise deal between Trump and Iran that’s lifting sanctions in exchange for Iran diluting its uranium stockpile. Prices are now at $3.99, even as U.S. crude fell 15% this month, but regional disparities remain wild: California’s at $5.64 while South Carolina’s at $3.58. The deal promises peace, but critics say Iran’s getting a big payoff with little give. Oil flow through the Strait of Hormuz—critical for 20% of global crude—is still disrupted, with ships stuck and producers struggling to ramp up. Plus, captains may still avoid the strait until safety is confirmed. The ripple effects? Supply chains for fertilizer and food are still strained, meaning higher costs for businesses—and consumers—could linger despite cheaper gas.

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