Americans' confidence in the U.S. economy declined in July, driven by a resurgence in gas prices resulting from escalating conflict between the United States and Iran. According to data released on Tuesday by The Conference Board, the national consumer confidence index fell to 90.8 this month, down from 92.2 in June.
The drop in economic optimism follows renewed fighting between the U.S. and Iran, which directly impacted the energy market and pushed fuel costs upward for consumers.
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