Mnuchin Reveals Trump's Iran Deal Gamble: "The Objective Is To Enter Into A New Agreement"

One of the growing concerns resulting from Trump's decisionto pull the US out of the Iran deal, is that oil - and gasoline - prices will jump so much, now that anywhere between 200kb/d and 700kb/d in Iran exports is taken out of the market, they will offset most benefits to US consumers from the Trump tax cuts.

We covered this topic three weeks ago in " Rising Gas Prices Threaten To Wipe Out Trump's Tax Cut Benefits."