Israeli-US war on Iran costs American consumers nearly $60bn

<article data-history-node-id="441383" about="https://www.middleeasteye.net/live-blog/live-blog-update/us-israeli-war-iran-costs-american-consumers-nearly-60bn" class="live-blog-update default clearfix"> <h2> <a href="https://www.middleeasteye.net/live-blog/live-blog-update/us-israeli-war-iran-costs-american-consumers-nearly-60bn" rel="bookmark"> <span class="field field-title">Israeli-US war on Iran costs American consumers nearly $60bn</span> </a> </h2> <div class="content"> <div class="field field-field-text"><p data-end="78" data-start="0">The economic impact of the Israeli-US war on Iran has cost American consumers almost $60bn in just three months, according to an analysis by Moody's Analytics shared with CNBC.</p> <p data-end="475" data-start="258">The report found that the average US household has spent an additional $447.19 on fuel-related expenses since the conflict began on February 28, as rising energy prices and higher air fares ripple through the economy.</p> <p data-end="626" data-start="477">The figures offer a snapshot of the domestic cost of a conflict that has disrupted global energy markets and pushed up prices for ordinary Americans.</p> <p data-end="711" data-start="628">Economists warn that the burden could grow significantly if the fighting continues.</p> <p data-end="1244" data-start="1075">Moody's estimates that if energy prices remain at current levels, the average household could face nearly $2,000 in additional costs by the first anniversary of the war.</p> </div> </div> </article>