11 Days
Source:
وكالة بغداد اليوم الاخبارية
Iran's conflict adds 59B to US costs
Reports have shown that Americans have spent approximately $59 billion more on fuel since the start of the war with Iran. This amount matches the average amount that households receive in tax refunds this year. The rise in gas, diesel, and jet fuel prices has placed a significant financial burden on American families, amounting to around $450 per household. Despite an improving job market and rising wages, these cost pressures are expected to impact consumer spending growth. Meanwhile, the White House anticipates that prices will decrease with the resumption of navigation through the Strait of Hormuz, although the price of gasoline reached about $4.39 per gallon by the end of May.
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