Iran's war costs Americans billions
The war against Iran has caused a significant increase in U.S. energy costs, with consumers paying over $100.9 billion more for fuel since the conflict began in late February. Gasoline prices have risen to more than $4.15 per gallon, and diesel prices have exceeded $5.90. Restrictions on global refineries and disruptions in oil markets have driven up crude prices, with expectations of further increases as Brent approaches $100 per barrel and the potential to surpass $120 if production constraints persist. Inflation levels are expected to remain high, driven by increased fuel costs and the risks associated with rising prices. Meanwhile, Trump emphasizes that escalating the war with Iran could lead to a sharp drop in oil prices.
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