How the Iran war is about to hit your wallet

Military strikes targeting Iranian energy infrastructure are disrupting global oil and gas supplies, triggering widespread price increases across energy markets. The damage to Iran's production capacity is reducing available crude oil and natural gas, which in turn raises costs for electricity generation and transportation fuel worldwide. These energy price spikes are cascading into higher prices for food, goods, and consumer services as producers and retailers pass along their increased operating costs. The disruption underscores how regional military conflicts can rapidly affect household expenses and inflation rates far beyond the immediate conflict zone. The full economic impact will depend on how quickly Iran can restore production capacity and whether additional strikes occur.