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War costs Iran $1760 per family
The study reveals that the war on Iran has resulted in costs reaching up to $1,760 for each American household by mid-September 2026. A significant portion of these costs, about $930, stems from rising energy prices, with gasoline, diesel, and jet fuel prices hitting record levels, leading consumers to pay over $121 billion extra in energy expenses. Additionally, higher interest rates and financing costs contributed $425, while the costs associated with increased military spending amounted to around $405, further adding to the debt burden and tax pressures on families. Oil prices surged notably, with West Texas Intermediate exceeding $105, and the price per gallon of gasoline hitting $4.32, while diesel surpassed $6, driving up shipping costs that affected goods prices and airfare. Meanwhile, yields on Treasury bonds reached their highest level in 19 years, and mortgage rates rose to over 7%. These expenses have also led to a decline in personal savings among households, and the Federal Reserve’s potential interest rate hikes amplify economic pressures and threaten growth.
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