Americans reportedly spent $100 billion more on fuel during the Iran war
The Wall Street Journal says higher gasoline and diesel prices have led many families to save less and curb other spending. The Washington Sun, citing a CBO report, puts the cost of the fighting at nearly $40 billion.
TLDR
The Wall Street Journal reports that Americans spent $100 billion more on fuel during the Iran war, with oil prices above $100 a barrel. It says higher gasoline and diesel prices have led many families to save less and cut spending elsewhere.
Separately, The Washington Sun, citing the Congressional Budget Office, reports that the fighting has cost nearly $40 billion and driven up prices for Americans. A New Straits Times opinion column says disruption to Middle East oil exports—which accounted for around a fifth of global supplies before the war—has sharply eroded global stocks.
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