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Fortune
Fortune
Tristan Bove

‘It’s fair to ask whether it was worth it’: The Iran war has cost Americans $1,000 per household—and that’s a conservative estimate, Mark Zandi says

Mark Zandi, Moody's chief economist. (Credit: Al Drago—Bloomberg/Getty Images)

U.S. and Iranian officials remain locked deep in negotiations to secure a lasting ceasefire to the war that has rocked the Middle East for months. For many Americans, however, no deal will be enough to replace what the war has already sapped from their wallets.

Peace talks between the two countries are still inching along, with one of the key points up for discussion being how to regulate the flow of shipping through the Strait of Hormuz. The waterway has been mostly locked up to traffic since the war began in February, sending oil prices soaring and pushing gasoline prices back in the U.S. up with them.

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