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Iran War cost US consumers $53 billion extra in raised gas prices

πŸ“° Asia Times πŸ• June 18, 2026 at 8:33 AM

PresidentΒ Donald TrumpΒ said on Wednesday that if his war in Iran continued much longer, the US could have faced β€œeconomic catastrophe” with gas prices expected to soar as emergencyΒ oilΒ reserves were exhausted. But new reports suggest that although the war appears to beΒ coming to an endΒ and the Strait of Hormuz is reopening, extraordinary irreversible damage has been […]

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