If you've been to a gas station recently, you know that prices are down — on average, about 20 cents lower per gallon than a month ago. That's in part because the price of oil is at an eight-month low.
The top nuclear official at the United Nations said today that a deal has been reached with Iran to allow the U.N.’s investigation into Iran’s nuclear program to continue. So what does this mean for the price of oil, which spiked earlier this year because of tensions with Iran?
President Obama has announced a new policy aimed at punishing countries like Syria and Iran that practice violence after gathering information about citizens online.
The president might be able to do little to really bring down short term gas prices. But reporter Scott Tong outlines some things that actually would affect the price.
Iran is feeling the effects of U.S. sanctions over its nuclear program. The International Energy Agency says Iranian oil exports have fallen to a ten-year low.
Oil prices have jumped to a near nine month high this morning. That's after Iran cut exports to Britain and France over sanctions related to Iran's nuclear program.