The Iran War is sprawling into an inflation nightmare for Trump ahead of the midterms
Source: Business Insider ·
Americans are feeling the pressure at the pump as the Iran War keeps prices high. That could have a big midterm impact.
From the source
Getty Images; Bloomberg/Getty Images; BIAs the Iran War continues, gas prices remain high — a real strain for consumers.The conflict has kept diesel, crude oil, and gas prices high; inflation is eating up pay hikes.As America heads into midterms, it's a hard affordability position for President Donald Trump.It's expensive out there: Gas prices have been stuck at over $4 a gallon for more days this year than any other. The war in Iran shows no signs of cooling off. Inflation is swallowing any raises you might have gotten at work.It's a recipe for a challenging midterm cycle for President Donald Trump, who faces an affordability crisis at home that's not going away — and a far-away war that's only making costs go up.The volatility surrounding the contested Strait of Hormuz, a key oil and gas transit waterway, has hit American consumers hard.Since the Iran war first kicked off in February and the Strait was subsequently closed, gas and oil prices have skyrocketed. Diesel prices have hit…
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