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 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.

Elizabeth Warren criticizes Trump for causing excessive gas prices in the US, accuses oil executives of profiting from the Iran war.