The US-Israel war against Iran has sent shockwaves through global markets, leaving many Americans grappling with a growing financial squeeze on everyday living costs.
Following the US-Israeli strikes on Iran – prompting retaliatory attacks on US allies in the region and Iran’s decision to close the strait of Hormuz, a critical maritime passage – costs have surged across the US. Gas prices, in particular, have spiked sharply, with the national average rising by roughly 30% over the past month. Grocery bills, mortgage rates and fertilizer costs have also climbed.
