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New study reveals how much increased costs from Trump’s Iran war have hit your household
New study reveals how much increased costs from Trump’s Iran war have hit your household Economists warn the financial strain will weigh heavily on middle and lower-income families - Bookmark - CommentsGo to comments The military conflict in Iran has cost U.S. households an estimated $100 billion overall, driven primarily by a sharp increase in energy costs following the closure of the Strait of Hormuz, a new study from Moody’s Analytics found. The analysis indicates that the financial...
Moody's top economist warns of US Recession again; says: Unemployment will rise
Moody’s Analytics chief economist Mark Zandi has once again sounded the alarm over the state of the US economy. According to a report by Business Insider, in his latest newsletter, Zandi warned that while the GDP has increased this year, the pace of growth still remains below potential. “The economy is growing, but at a rate below its potential, so the situation is tenuous,” he wrote.
100 days into Iran war, Americans face higher prices
100 days into Iran war, Americans face higher prices On average, US households have spent $750 more in expenses due to the war, hitting middle- and lower-income people hard. A hundred days into the US-Israel war on Iran, Americans are facing increasing financial pressure at the pump and at the grocery store in an economy already facing headwinds from United States President Donald Trump’s domestic and foreign policies, including tariffs. The war is unpopular, with 66 percent of Americans...
Trump keeps forecasting an Iran deal — why the White House still thinks it can happen
President Donald Trump is continuing to project confidence that a final nuclear agreement with Iran remains within reach despite months of slow-moving diplomacy, unresolved disputes over uranium enrichment and a ceasefire that appeared at risk of unraveling over the weekend. in the final throes of what will be a very, very good deal," Trump told reporters after attending the third game of the NBA Finals at Madison Square Garden, adding that it would come in "two or three days." Trump has...
Iran-US war latest: US launches ‘self-defence’ strikes on Iran island and downs missiles targeting Gulf allies
Iran-US war latest: US launches ‘self-defence’ strikes on Iran island and downs missiles targeting Gulf allies Donald Trump claims he told Tehran ‘It's time’ for them to ‘make a Deal’ - Bookmark - CommentsGo to comments The US military says that Iranian missiles fired at Kuwait and Bahrain failed or were shot down, and that the US launched strikes on an Iranian facility in response. US Central Command said the strikes were on an Iranian military ground control station on Qeshm Island, near...
Republicans face ticking midterm clock as Iran fallout keeps pressure on gas prices
As the Trump administration weighs diplomacy and military pressure against Iran, a political clock is ticking at home. Even if the Strait of Hormuz — the global oil choke point largely shuttered since the conflict with Iran due to Iranian attacks — reopened immediately, it could take months for oil flows to return due to logistical bottlenecks involving trapped tankers, swollen inventories and damaged oil infrastructure, according to Kpler oil analyst Matt Smith, pushing normalization of...
Republicans face ticking midterm clock as Iran fallout keeps pressure on gas prices
As the Trump administration weighs diplomacy and military pressure against Iran, a political clock is ticking at home. Even if the Strait of Hormuz — the global oil choke point largely shuttered since the conflict with Iran due to Iranian attacks — reopened immediately, it could take months for oil flows to return due to logistical bottlenecks involving trapped tankers, swollen inventories and damaged oil infrastructure, according to Kpler oil analyst Matt Smith, pushing normalization of...
Trump keeps forecasting an Iran deal — why the White House still thinks it can happen
President Donald Trump is continuing to project confidence that a final nuclear agreement with Iran remains within reach despite months of slow-moving diplomacy, unresolved disputes over uranium enrichment and a ceasefire that appeared at risk of unraveling over the weekend. in the final throes of what will be a very, very good deal," Trump told reporters after attending the third game of the NBA Finals at Madison Square Garden, adding that it would come in "two or three days." Trump has...