From $4 gas and 7% mortgage rates to surging airfares, the Iran war is significantly raising the cost of living for inflation-weary consumers ahead of the midterm elections.
The conflict has cost US consumers about $265 billion since it started in late February, according to estimates from Mark Zandi, chief economist at Moody’s Analytics. That equates to about $2,000 in higher costs for the average American household.
0:00 Breakdown of what the Iran war is costing U.S. households
3:16 How the affordability crisis can benefit Democrats in the midterms
4:30 What Republicans can say to appease voters’ concerns about the economy
5:55 Trump’s upcoming campaign schedule and how it can help the GOP
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