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BUSINESS11h agoIran war costing US households average of $2K each: Moody’sThe war in Iran has cost the average American household $2,000 so far, according to estimates shared Monday by Mark Zandi, chief economist at Moody’s Analytics. “Consider that the war’s costs taken together have absorbed about half the average American household’s income gain over the past eight months,” Zandi wrote on social platform X. “No…The Hill
BUSINESS1d agoIran war costing average U.S. household $2K, economist estimatesAn economist estimates that an ongoing conflict with Iran is costing the average U.S. household $2,000, highlighting the significant financial impact of geopolitical events.Seeking Alpha Tech
BUSINESS1d agoBreaking down how the Iran war could continue to impact fuel pricesThe ongoing war with Iran has impacted energy costs since its start. CBS News business analyst Jill Schlesinger and national security analyst Aaron MacLean have more.CBS News
BUSINESS2d ago'Going bankrupt': Iran shopkeepers struggle as war dims demandIran's economy has been battered by years of sanctions, but the conflict that began in February with US-Israeli attacks and an American blockade of the country's ports has put extra strain on daily life. Rising inflation, nearly 90 percent year-on-year in September according to official figures, and erratic currency exchange fluctuations have driven up the cost of everyday items. Food prices have more than doubled since last year.France 24 [en]
BUSINESS2d agoWhat the Iran war has done to the world’s energy supply, in chartsFossil fuels produce 81 percent of global energy. We look at Middle East’s role and what happens when supplies are cut.Al Jazeera [en]