Episode Details

Gas prices in the U.S. just dropped below $4 a gallon for the first time since March, sparked by a new U.S.-Iran deal lifting sanctions in exchange for Iran reducing its enriched uranium stockpile — though critics say Iran’s getting a big payoff with little in return. While national averages dip, regional prices vary wildly, from $5.64 in California to $3.58 in South Carolina. The agreement sets off a 60-day countdown for deeper nuclear talks and could take weeks or months to ease oil flow through the Strait of Hormuz — a critical chokepoint whose disruptions have already rattled global supply chains for everything from food to shoes, with businesses bracing for lingering higher costs.

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