The Iran war has cost the average U.S. household the equivalent of almost $2,000, top economist says

The Iran war’s disruption to Middle East oil flows is lifting crude, diesel and jet fuel costs, feeding inflation through transport, airfares and groceries. With the Strait of Hormuz constrained and energy prices up sharply, households face a roughly $2,000 hit. Sticky fuel-driven inflation may keep central banks cautious, pressuring risk assets while supporting oil.