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International Business Times UK
International Business Times UK
World
Tanmay Puri

What Is Trump's Iran War Costing Americans? New Study Has An Answer

What Is Trump’s Iran War Costing Americans? New Study Has An Answer (Credit: Liam Enea/WikiMedia Commons)

President Donald Trump's military action in Iran is now carrying a measurable price tag for American households, according to a new study from Moody's Analytics, which estimates that the conflict has cost US households a combined $100 billion (£79 billion) since it began in February, with much of the burden linked to rising energy prices following the closure of the Strait of Hormuz.

The disruption has pushed oil prices sharply higher and filtered through to everyday costs, particularly at the petrol pump.

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