The Iran war has cost U.S. households nearly $2,000 each. New strikes could keep the bill climbing
Source: Fortune ·
Pentagon data puts U.S. war costs above $47 billion, and Moody’s estimates households have paid nearly $2,000 each. Oil’s post-election drop may not last.
From the source
On Oct. 8, President Donald Trump posted on Truth Social that “we will not be attacking Iran at any time prior to the midterm elections to be held in the United States on November 3rd.” On Nov. 2, the day before Americans voted, U.S. forces struck Iran’s Qeshm Island. U.S. officials told CNN the Qeshm attack was a defensive response to Iranian forces using surface-to-air missiles against U.S. assets. In a Fox News interview that aired that night, Trump suggested there had been no recent fighting. The Qeshm attack was not an isolated event. Officials told ABC News that limited “defensive strikes” had been carried out in recent weeks and not publicized to avoid signaling a return to major combat operations. The strikes are small next to earlier phases of the war. But they come at a fragile moment for energy markets, which had just priced in hopes of a diplomatic exit, and as the U.S. heads into heating season. Gilbert Metcalf, a visiting professor at the MIT Sloan School of Management…
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