DID Press: A new report by Middle East magazine says the economic consequences of the war involving the United States, Israel, and Iran have placed significant financial pressure on American consumers, with energy-related costs accounting for tens of billions of dollars in additional spending.
According to an assessment by Moody’s, the average U.S. household has paid around $447 more for fuel and energy since the escalation of tensions, mainly due to volatility in global energy markets and concerns over oil supply security in the Middle East.
Moody’s warned that if current conditions persist and energy prices remain elevated, the extra burden per household could rise to nearly $2,000 by the anniversary of the conflict.
Economists say continued hostilities would also increase transportation costs, strain global supply chains, and raise the prices of goods and services, further driving inflation and household expenses in the United States.
Analysts argue that ongoing instability in the Middle East and fears of disruption in strategic energy transit routes remain key drivers shaping global markets and the U.S. economic outlook.