Following the US-Israeli strikes on Iran, gas prices, grocery bills and mortgage rates have all climbed
The US-Israel war against Iran has sent shockwaves through global markets, leaving many Americans grappling with a growing financial squeeze on everyday living costs.
Following the US-Israeli strikes on Iran – prompting retaliatory attacks on US allies in the region and Iran’s decision to close the Strait of Hormuz, a critical maritime passage – costs have surged across the US. Gas prices, in particular, have spiked sharply, with the national average rising by roughly 30% over the past month. Grocery bills, mortgage rates and fertilizer costs have also climbed.
Now, many Americans are being forced to reassess their finances and cut back drastically on basic necessities such as food, clothing and electricity.
The ones most sensitive to price increases are the ones who consistently vote to for these types of leaders. They are visceral, reactive, and planning for the future is just paycheck-to-paycheck. They are reactionary. I worry most about what they do when they can no longer afford necessities, and how many ways that will be blamed on their levelheaded neighbors.