Iran war hits wallets worldwide
5m
The Iran war pushed fuel prices to record highs, forcing consumers worldwide to pay more — U.S. households spent about $100 billion extra — and drove inflation and shifts to cheaper brands.
by Ian Bremmer
iran war in numbers (approx.):
$38 billion spent… >60% of interceptors used… diesel at $6.27 per gallon.
masterful gambit, sir.
$38 billion spent… >60% of interceptors used… diesel at $6.27 per gallon.
masterful gambit, sir.
September 16, 2026 at 4:57 PM
iran war in numbers (approx.):
$38 billion spent… >60% of interceptors used… diesel at $6.27 per gallon.
masterful gambit, sir.
$38 billion spent… >60% of interceptors used… diesel at $6.27 per gallon.
masterful gambit, sir.
"Oil price pass-through into consumer prices: Evidence from U.S. weekly data" has been cited at the Fortune magazine: fortune.com/2026/06/24/trum...
Trump claims consumers are being 'gouged' by gas companies and orders DOJ price probe | Fortune
"Gasoline prices better start going down a lot faster than what I’m seeing!" Trump wrote.
fortune.com
September 16, 2026 at 2:30 PM
"Oil price pass-through into consumer prices: Evidence from U.S. weekly data" has been cited at the Fortune magazine: fortune.com/2026/06/24/trum...
by Niklas Höhne
Überblick über positive und kontraproduktive umgesetzte Maßnahmen weltweit: climateactiontracker.org/publications...
Never let an energy crisis go to waste: government responses to the US-Israel war on Iran
climateactiontracker.org
September 16, 2026 at 1:52 PM
Überblick über positive und kontraproduktive umgesetzte Maßnahmen weltweit: climateactiontracker.org/publications...
by Paul Wilding
Ofgem has changed what counts as a "typical household" this year, because we now use 17% less gas than at the last review.
One of the reasons Ofgem gives for that drop is higher prices.
Cutting back because you can't afford it isn't efficiency.
www.ofgem.gov.uk/press-releas...
One of the reasons Ofgem gives for that drop is higher prices.
Cutting back because you can't afford it isn't efficiency.
www.ofgem.gov.uk/press-releas...
Energy price cap will rise by 4% from October 2026
Ofgem has announced a 4% increase of the energy price cap for the period covering 1 October to 31 December 2026.
www.ofgem.gov.uk
September 16, 2026 at 5:54 PM
Ofgem has changed what counts as a "typical household" this year, because we now use 17% less gas than at the last review.
One of the reasons Ofgem gives for that drop is higher prices.
Cutting back because you can't afford it isn't efficiency.
www.ofgem.gov.uk/press-releas...
One of the reasons Ofgem gives for that drop is higher prices.
Cutting back because you can't afford it isn't efficiency.
www.ofgem.gov.uk/press-releas...
"Asymmetric incidence of sales taxes: A short-run investigation of gasoline prices" is available at the Journal of Economics and Business: doi.org/10.1016/j.jeconbus....
September 16, 2026 at 1:00 PM
"Asymmetric incidence of sales taxes: A short-run investigation of gasoline prices" is available at the Journal of Economics and Business: doi.org/10.1016/j.jeconbus....
Reposted by David Darmofal
Americans have collectively spent $107,000,000,000 more on gas and diesel during Trump's Iran war.
September 16, 2026 at 2:56 PM
Americans have collectively spent $107,000,000,000 more on gas and diesel during Trump's Iran war.
Can we talk about $6 for a gallon of diesel fuel? Or nearly $5 for a gallon of gasoline?
September 16, 2026 at 5:49 PM
Can we talk about $6 for a gallon of diesel fuel? Or nearly $5 for a gallon of gasoline?
It is hard to articulate how insanely stupid & destructive the war against Iran has been, but as one clear data point, there is no reason to assume the price of gas would have been anything other than flat had Trump not chosen to start his absurd war.
September 16, 2026 at 2:09 PM
It is hard to articulate how insanely stupid & destructive the war against Iran has been, but as one clear data point, there is no reason to assume the price of gas would have been anything other than flat had Trump not chosen to start his absurd war.
by Niklas Höhne
Überblick über positive und kontraproduktive umgesetzte Maßnahmen weltweit: climateactiontracker.org/publications...
Never let an energy crisis go to waste: government responses to the US-Israel war on Iran
climateactiontracker.org
September 16, 2026 at 6:50 AM
Überblick über positive und kontraproduktive umgesetzte Maßnahmen weltweit: climateactiontracker.org/publications...
"Geopolitical risks and energy uncertainty: Implications for global and domestic energy prices" is available at Energy Economics: doi.org/10.1016/j.eneco.202...
September 16, 2026 at 10:00 AM
"Geopolitical risks and energy uncertainty: Implications for global and domestic energy prices" is available at Energy Economics: doi.org/10.1016/j.eneco.202...
Reposted by Brian Young, Henry Jones
US diesel prices hit record highs as executives warned that the monthslong crunch in oil markets was entering its most acute phase.
www.semafor.com/article/09/1...
www.semafor.com/article/09/1...
September 16, 2026 at 1:33 PM
US diesel prices hit record highs as executives warned that the monthslong crunch in oil markets was entering its most acute phase.
www.semafor.com/article/09/1...
www.semafor.com/article/09/1...
Reposted by James Goodwin, Manisha Sinha, Stephen A. Meserve
CBO analysis: The Iran war has cost the U.S. $38 billion as of August 1.
That’s >$246 million per day, on average.
CBO says the war has raised inflation and global energy prices, citing reduced traffic in the Strait of Hormuz, and says it’ll raise interest rates on treasuries.
That’s >$246 million per day, on average.
CBO says the war has raised inflation and global energy prices, citing reduced traffic in the Strait of Hormuz, and says it’ll raise interest rates on treasuries.
September 16, 2026 at 12:29 AM
CBO analysis: The Iran war has cost the U.S. $38 billion as of August 1.
That’s >$246 million per day, on average.
CBO says the war has raised inflation and global energy prices, citing reduced traffic in the Strait of Hormuz, and says it’ll raise interest rates on treasuries.
That’s >$246 million per day, on average.
CBO says the war has raised inflation and global energy prices, citing reduced traffic in the Strait of Hormuz, and says it’ll raise interest rates on treasuries.
"Understanding the global drivers of inflation: How important are oil prices?" is available at Energy Economics: doi.org/10.1016/j.eneco.202...
September 15, 2026 at 9:30 PM
"Understanding the global drivers of inflation: How important are oil prices?" is available at Energy Economics: doi.org/10.1016/j.eneco.202...
NEWS: Trump's war in Iran has cost taxpayers almost $40 BILLION and drove nearly HALF of inflation.
It's a conservative estimate, excluding damage to U.S. bases, destroyed munition supplies, and higher costs like gas and groceries—per the Congressional Budget Office.
It's a conservative estimate, excluding damage to U.S. bases, destroyed munition supplies, and higher costs like gas and groceries—per the Congressional Budget Office.
September 15, 2026 at 6:53 PM
NEWS: Trump's war in Iran has cost taxpayers almost $40 BILLION and drove nearly HALF of inflation.
It's a conservative estimate, excluding damage to U.S. bases, destroyed munition supplies, and higher costs like gas and groceries—per the Congressional Budget Office.
It's a conservative estimate, excluding damage to U.S. bases, destroyed munition supplies, and higher costs like gas and groceries—per the Congressional Budget Office.
Reposted by David Darmofal
“.. The CBO expects the Iran war to add roughly 0.5 percentage points to inflation during that period, a calculation that is largely driven by higher energy costs due to the conflict.”
@cnn.com
www.cnn.com/2026/09/15/p...
@cnn.com
www.cnn.com/2026/09/15/p...
September 15, 2026 at 6:43 PM
“.. The CBO expects the Iran war to add roughly 0.5 percentage points to inflation during that period, a calculation that is largely driven by higher energy costs due to the conflict.”
@cnn.com
www.cnn.com/2026/09/15/p...
@cnn.com
www.cnn.com/2026/09/15/p...
Reposted by Stacy D. VanDeveer
Reuters: The average (diesel) fuel surcharge for grain shipments on U.S. railways more than doubled over the past year, in the latest sign of how soaring energy prices will spur inflation of food costs.
US rail fuel surcharges on grain hit record highs, squeezing farmers in harvest season
Railroad fuel surcharges on U.S. grain shipments have more than doubled over the past year, rippling through the farm belt and raising transportation costs as many farmers also struggle with higher p...
www.reuters.com
September 16, 2026 at 1:03 PM
Reuters: The average (diesel) fuel surcharge for grain shipments on U.S. railways more than doubled over the past year, in the latest sign of how soaring energy prices will spur inflation of food costs.
Iran war driving up inflation for Americans, CBO report says www.nbcnews.com/politics/nat...
Iran war driving up inflation for Americans, CBO report says
The Congressional Budget Office estimates that inflation will continue to rise in the first quarter of next year.
www.nbcnews.com
September 15, 2026 at 9:37 PM
Iran war driving up inflation for Americans, CBO report says www.nbcnews.com/politics/nat...
by Steve Peers
Uk inflation rises due to Trump's wars
www.bbc.co.uk/news/article...
www.bbc.co.uk/news/article...
UK inflation pushed up by petrol and diesel price rises
Summer holidays and disruption to global oil supplies by the Middle East conflict stoked price growth.
www.bbc.co.uk
September 16, 2026 at 10:51 AM
Uk inflation rises due to Trump's wars
www.bbc.co.uk/news/article...
www.bbc.co.uk/news/article...
Reposted by Henry Jones
New CBO analysis shows as of August 1, Iran war has:
•Cost taxpayers $38 BILLION or ~$250,000,000 PER DAY
•Raised inflation & raised global energy prices
•Will raise interest rates on treasuries
Where are the MAGA “fiscal conservatives” on Iran?🤔 Oh right, Trump’s fascism & hypocrisy is the point.
•Cost taxpayers $38 BILLION or ~$250,000,000 PER DAY
•Raised inflation & raised global energy prices
•Will raise interest rates on treasuries
Where are the MAGA “fiscal conservatives” on Iran?🤔 Oh right, Trump’s fascism & hypocrisy is the point.
September 16, 2026 at 1:38 PM
New CBO analysis shows as of August 1, Iran war has:
•Cost taxpayers $38 BILLION or ~$250,000,000 PER DAY
•Raised inflation & raised global energy prices
•Will raise interest rates on treasuries
Where are the MAGA “fiscal conservatives” on Iran?🤔 Oh right, Trump’s fascism & hypocrisy is the point.
•Cost taxpayers $38 BILLION or ~$250,000,000 PER DAY
•Raised inflation & raised global energy prices
•Will raise interest rates on treasuries
Where are the MAGA “fiscal conservatives” on Iran?🤔 Oh right, Trump’s fascism & hypocrisy is the point.