The economic impact of the Israeli-US war on Iran has cost American consumers almost $60bn in just three months, according to an analysis by Moody's Analytics shared with CNBC.

It comes as talks aimed at ending the hostilities remain in limbo, with US president Donald Trump claiming Tehran was 'negotiating on fumes'

Higher energy costs can force consumers to raid their savings and lean more into debt to cover expenses.

Americans are feeling the financial strain of Trump's war on Iran, with families spending an average of $447.19 extra on fuel since the conflict began. As prices soar, will…

The economic impact of the Israeli-US war on Iran has cost American consumers almost $60bn in just three months, according to an analysis by Moody's Analytics shared with CNBC.

US households are facing a US$450 energy bill surge as a result of the war in the Middle East, with Moody’s saying it could be four times that by next year

Moody's warns Trump's Iran War costs US households $750, delivering a massive economic blow as surging gas prices erase recent tax refunds.

The ongoing war in Iran has weighed on consumers and completely offset the benefits of Trump's tax cuts, Moody's Mark Zandi said.

"With the saving rate about as low as it ever goes ... [consumers] will have little choice but to rein in their spending, weighing further on the already sagging economy."