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Iran conflict causes $100B energy cost
Data from Brown University in the United States shows that the war between the United States and Iran since February 2026 has resulted in American consumers bearing an additional $100 billion due to rising gasoline and diesel prices. Fuel prices have also surged significantly, with gasoline reaching approximately $4.15 per gallon, an increase of up to 39%, and diesel rising to about $5.90, an increase of nearly 60%. Disruptions in the Strait of Hormuz and a decline in global oil supplies have driven up crude prices, further increasing transportation, agriculture, and commodity costs. Meanwhile, both sides continue to deny the existence of a military nuclear program for Iran, even as Trump considers the spike in energy prices to be less dangerous than Iran obtaining nuclear weapons.
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