The economic impact of the Iran war continues to ripple across the United States, with Moody’s Analytics Chief Economist Mark Zandi estimating that the average American household has absorbed roughly $1,000 in additional costs over four months. According to Zandi, higher gasoline and diesel prices, rising airfares, increased military spending and elevated borrowing costs have all contributed to the burden. While a ceasefire may have eased immediate tensions, analysts warn that shipping insurance costs in the Strait of Hormuz and potential future disruptions could keep energy prices under pressure, prolonging the financial strain on U.S. families.

The Iran war has significantly driven up the cost of fuel, airfare and other U.S. goods, according to Moody's Analytics chief economist Mark Zandi.

Citing an estimate by Moody's Analytics chief economist Mark Zandi, CBS reported that the biggest driver of the increase has been gasoline prices, which climbed to a peak of $4.56…

The economic impact of the Iran war continues to ripple across the United States, with Moody’s Analytics Chief Economist Mark Zandi estimating that the average American household…

Gas, groceries, taxes, and interest rates are all pricier thanks to the war—and Moody’s economist Mark Zandi says his estimate is conservative.

Gas, groceries, taxes, and interest rates are all pricier thanks to the war—and Moody's economist Mark Zandi says his estimate is conservative.