*By Mike Teich*
President Trump pulled the United States out of the Iran nuclear deal Tuesday, abandoning the Obama administration's signature foreign policy accomplishment almost three years after it was agreed.
The oil market had already accounted for the likelihood Trump would abandon the deal, but volatility in oil prices could be affected by the tone of the president's statement, and the degree of the sanctions he imposes, said Patrick DeHaan, the head of petroleum analysis at GasBuddy.
"The more fiery the response from President Trump, the more oil prices could eventually rally," said DeHaan in an interview Tuesday with Cheddar.
A spike in oil prices might cause discretionary spending to drop, he said, adding that every penny the average price of oil rises, it takes $4 million a day away from the economy. While the initial increase in prices may make summer road trips a little more expensive for travelers, DeHaan doesn't anticipate a major impact on consumer spending until we hit a a more "psychological barrier" of $3 a gallon.
For the full interview, [click here](https://cheddar.com/videos/how-trumps-decision-to-withdraw-from-iran-nuclear-deal-affects-your-wallet).
The world's largest cryptocurrency exchange Binance and its founder Changpeng Zhao are accused of misusing investor funds, operating as an unregistered exchange and violating a slew of U.S. securities laws in a lawsuit filed by the SEC.
A top EU official said companies should roll out the technology to recognize AI-generated content and "clearly label[s] this to users."
With the rail industry relying on longer and longer trains to cut costs, the Biden administration is handing out $570 million in grants to help eliminate many railroad crossings in 32 states.
A judge ruled that the Tennessee law restricting drag performances in public or where children are present is unconstitutional.
The United States Postal Service (USPS) said more than 5,300 postal employees were attacked by dogs while delivering mail in 2022. To spread awareness of this problem, the agency has launched a public service campaign called National Dog Bite Awareness Week.
It took a unilateral step Sunday to support the sagging cost of crude after two earlier cuts by other OPEC+ countries failed to push prices higher.
Nurse practitioners, who provided care for many trans adults, are now barred from providing transition-related care in the state.
Democratic lawmakers worry that damage has been done to safety net programs and it'll be difficult to unravel that in the years ahead as Republicans demand further cuts.
The Department of Justice has informed former Vice President Mike Pence 's legal team that it will not pursue criminal charges related to the discovery of classified documents at his Indiana home.
Fending off a U.S. default, the Senate gave final approval late Thursday to a debt ceiling and budget cuts package, grinding into the night to wrap up work on the bipartisan deal and send it to President Joe Biden's desk to become law before the fast-approaching deadline.
