The military conflict in Iran has cost U.S. households an estimated $100 billion overall, driven primarily by a sharp increase in energy costs following the closure of the Strait of Hormuz, a new study from Moody’s Analytics found.
The analysis indicates that the financial burden translates to roughly $750 per household since the conflict began in February. The military action, initiated by President Donald Trump without congressional approval, has led to a 35 percent surge in oil prices.
