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The Iran War's Economic Damage Could Drag On - Investopedia
The U.S. and global economies could pay a steep price for the war against Iran in the form of higher inflation, slower economic growth, and higher borrowing costs for some time to come, even if ...
Here are all the ways the Iran war has affected the U.S. economy so ...
In an aerial view, the Marathon Petroleum Corp's Los Angeles Refinery is seen on April 02, 2026 in Carson, California. Justin Sullivan | Getty ImagesThe Iran war is starting to show up in the U.S. economy in ways both obvious and not so much, with soaring energy costs leading the impact and potential hits on broader growth simmering beneath the surface.Though recession fears have grown since the fighting began more than six weeks ago, most economists think the war will have only modest effects on gross domestic product — maybe shaving off a few tenths of a percentage point overall.But there's an important caveat, mainly around duration: Should the current ceasefire hold, inflationary impacts will wear off. If fighting resumes, however, the future becomes much murkier, threatening the fragile growth the economy has seen over the past two quarters."It's going to gouge out some of the growth, but we'll weather through it," said Mike Skordeles, head of U.S. economics at Truist Advisory Services. "The bigger issue is the uncertainty."Indeed, uncertainty has hung over the U.S. economy for most the past year, ever since President Donald Trump unveiled his "liberation day" tariffs in early April 2025 and continuing through what has become an increasingly muscular and aggressive foreign policy.The war has intensified the pressure, resulting in a host of questions: whether the inflation surge during the war is temporary, how much conditions will affect the consumers who drive most U.S. economic growth, and the extent to which less energy-independent nations are hurt by the war fallout. Underlining all of it is how the Federal Reserve and other central banks will respond."Iran's important. The price of crude oil is important. Other things matter more. Incomes and other things are continuing to hang in there," Skordeles said. "The other piece of that uncertainty is by the Fed that's delaying — and I think it's delaying, not canceling — any sort of additional cuts, pushing them into the back half or even later in the year. That means you're elevating borrowing costs for consumers."watch nowSuffering at the pumpHigh rates come at a bad time with prices at the pump — most recently at national average $4.10 a gallon, according to AAA — already hitting consumers. A spike in mortgage rates also helped drive existing home sales in March to their lowest in nine months.Still, debit and credit card spending surged 4.3% in March, the most in more than three years, according to B...
The Iran war outlook is the global economic outlook - Axios
To understand what the global economy will do this year, you have to understand what happens next in the Iran war. The outlook for the war and its aftermath, and what that means for the free passage of energy through the Strait of Hormuz, is the global economic outlook.
Economists are putting a price on the Iran war fallout in Asia. It ...
The fallout of the US and Israel's war with Iran is poised to cost the Asia-Pacific economy hundreds of billions of dollars and plunge millions into poverty, a United Nations report said Tuesday.
