Israeli-US war on Iran costs American consumers nearly $60bn

“Israeli-US war on Iran costs American consumers nearly $60bn The economic impact of the Israeli-US war on Iran has cost American consumers almost $60bn in just three months, according to an analysis by Moody's Analytics shared with CNBC. The report found that the average US household has spent an additional $447.19 on fuel-related expenses since the conflict began on February 28, as rising energy prices and higher air fares ripple through the economy. The figures offer a snapshot of the domestic cost of a conflict that has disrupted global energy markets and pushed up prices for ordinary Americans. Economists warn that the burden could grow significantly if the fighting continues. Moody's estimates that if energy prices remain at current levels, the average household could face nearly $2,000 in additional costs by the first anniversary of the war.

Summary generated from the RSS feed of Middle East Eye. All article rights belong to the original publisher. Click through to read the full piece on www.middleeasteye.net.