Lates News

According to an analysis by CNBC, American households have incurred an additional cost of nearly $450 due to rising energy costs during the war in Iran. Data from Moody's Analytics shows that since the conflict erupted on February 28, American households have on average spent an extra $447.19 on fuel-related expenses. With gasoline prices and airline ticket prices soaring, American consumers have collectively lost nearly $60 billion. Mark Zandi, chief economist at Moody's, said, "Unless the war ends quickly, financially constrained consumers will have no choice but to be more cautious in their spending, which could threaten an already fragile economy."