Economist Justin Wolfers Warns We Will Be Paying 'Iran Tax' For Months If Not Years And The 'Hit' To Fami

Economist Justin Wolfers Warns We Will Be Paying 'Iran Tax' For Months If Not Years And The 'Hit' To Fami

Economist Justin Wolfers warns the U.S. faces an "Iran tax" on energy lasting months to years, with average gas prices at $4.51/gallon (+$1.33 YoY) and $41.7B in additional fuel costs since late February. For tech leaders, rising energy and logistics costs ripple into cloud infrastructure pricing, hardware supply chains, and operational budgets — plan for sustained inflationary pressure through at least 2026.