‘The good old days are gone’: how will US prices stand as war in Iran surges on?

Escalating conflict in Iran is driving up consumer prices across the U.S. economy, with gasoline and airline tickets already showing increases. Christopher Tang, a UCLA Anderson School of Management professor specializing in global supply chains, warns that current price rises represent only the beginning of broader inflation tied to the regional instability. Experts say the war's ripple effects through global energy markets and shipping routes will likely push costs higher across multiple sectors beyond transportation. The surge underscores how geopolitical turmoil abroad translates directly into household expenses for American consumers. As the conflict persists, supply chain disruptions are expected to keep upward pressure on inflation.