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47°
Saturday, dec 28
Tag:
Northeast region
Business
US Withdrawal From Iran Deal Sparks Concerns Of Gas Price Spike
Just as gas prices began leveling off, according to a AAA report, there is a new fear of a spike in prices following President Donald Trump’s decision to withdraw the United States from the Iran nuclear deal. Trump announced Tuesday afternoon not to waive sanctions on Iran, effectively terminating the United States’ participation in the Iran Nuclear Agreement which has prevented Iran from developing nuclear weapons since 2015. The withdrawal of the deal has led to fears that even as gas prices reach their highest national average in four years, they may spike, just in time for the busiest d…