Mounting costs of Iran war strain U.S. finances

What Happened

The U.S.-Israel war against Iran, extending into its second month as of April 2026, intensifies economic strain through energy shocks. U.S. inflation climbed to 3.3% year-on-year in March, highest in two years, driven by rising oil prices and supply disruptions. Energy prices surged 10.9%, while fuel oil index jumped 30.7% monthly.

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