One hundred days into the US-Israel war with Iran, Americans are paying more for fuel, food, and other everyday expenses.
One hundred days into the US-Israel war with Iran, Americans are paying more for fuel, food, and other everyday expenses.
Moody’s Analytics estimates that the average household has spent about $750 more since the conflict began, largely due to rising energy prices.
Gasoline prices have jumped significantly as tensions in the Strait of Hormuz disrupted global oil supplies, contributing to higher inflation across the economy.
The increase in fuel costs is also pushing up food prices, transportation costs, and mortgage rates, putting additional pressure on middle and lower-income families.
Recent polls show that most Americans disapprove of President Donald Trump’s handling of the conflict, while economists warn that continued inflation could keep interest rates higher for longer.
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