Trump’s War in Iran is Making His Affordability Crisis Even Worse 

Trump’s war in Iran is spiking the price of every commodity market, which will raise costs on everything from food to furniture

More than 80% of all goods in the US are moved using diesel-powered transportation

Washington, DC – It’s not just prices at the pump that are skyrocketing; Americans will pay more for almost every aspect of their lives thanks to Donald Trump’s reckless war in Iran. The price of diesel, which is used to transport freight, manufacture goods, and support agriculture, has skyrocketed by more than a dollar since the start of Trump’s war. High jet fuel prices are also making plane tickets more expensive, just as America’s families are planning summer travel. 

Vulnerable Republican lawmakers were already scrambling to do damage control on their failing energy policies that are sending utility bills through the roof across the country. Now, as Trump insists that higher costs are a “very small price to pay,” they’re in a tailspin trying to shift the blame for making the affordability crisis even worse. 

Fox Business: How the Iran war could hit Americans’ grocery bills

“High oil prices due to the Iran war are pushing gasoline prices higher and that could lead to grocery bills rising for American consumers…

‘Every time something moves in the economy it will cost more,’ said Derek Reisfield, co-founder of MarketWatch and a former McKinsey consultant. ‘Someone, usually the end consumer, will have to pay for that.’… 

Daco noted that businesses find themselves in ‘a very delicate pricing environment’ because tariffs have raised input costs, which have been challenging to pass on to inflation-weary consumers. 

“Pricing sensitivity over the course of the last couple of years has increased dramatically, and increasingly consumers are constrained by affordability issues,” Daco said.” 

Newsweek: American Farmers Dealt New Blow as Trump’s Iran War Escalates

“As the U.S.–Israeli bombardment of Iran continues with no end in sight, the economic shockwaves are already hitting American farmers, with some struggling to buy fertilizer and gasoline prices rising…

Tariffs. Economic uncertainty. And now war. For many farmers, the Iran conflict is not a shock so much as the latest entry in a long list of crises they did not choose over the past 15 months…

Some farmers like Chet Edinger agree and warn that freight costs will push grocery prices up within 30 days. The bigger wave, he says, tied to this season’s crops, will take roughly nine months to reach store shelves. His deeper fear is what comes after that. Fertilizer for next year’s crop starts moving in July. If the Strait of Hormuz remains choked, the fall could be worse than anything farmers are seeing now.”

Reuters: Airline shares battered, airfares surge as Iran war pushes oil above $100

“Airline stocks were ​hammered on Monday, while airfares soared as the U.S.-Israeli war on Iran sent oil prices surging, sparking fears of a deep travel slump and the potential for the ‌widespread grounding of planes.” 

The Hill: United CEO: Airfare likely to rise as jet fuel prices surge

“United Airlines CEO Scott Kirby warned this week that soaring jet fuel prices tied to conflict in the Middle East could soon push airline ticket prices higher.

Kirby, following an event at Harvard University, noted that while the demand for air travel was still strong, the carrier would likely feel a “meaningful” impact on its second-quarter finances due to the recent spike in fuel prices as the Trump administration continues its military operation in Iran.

The impact would “probably start quick,” Kirby said after being asked when higher fuel costs would likely start affecting airfare prices, according to CNBC.” 

CNBC: Flights are already getting more expensive after jet fuel spike. When should you book?

“The surge in fuel prices since the U.S. and Israel attacked Iran nearly two weeks ago is already driving up airfare. Consumers’ appetite for travel this year will dictate just how much.”