Americans' confidence in US economy fell this month as Iran conflict sends gas prices higher

American confidence in the US economy declined this month as gas prices resumed their climb following increased fighting between the U.S. and Iran. According to data released Tuesday by The Conference Board, the consumer confidence index dropped to 90.8 in July, down from a previous level of 92.2. This downward trend in economic sentiment is directly linked to the rising cost of fuel resulting from the ongoing conflict involving Iran and the United States.