AhlulBayt News Agency (ABNA): The economic consequences of the U.S. and Israeli war against Iran have gradually spread to the interior of the United States, with effects ranging from mortgage rates to travel costs and food prices.
According to Al Jazeera, Matt Schulz, chief consumer financial analyst at LendingTree, speaking to CBS News about the economic repercussions of the U.S. and Israeli war against Iran within the United States, said, "The impact is very broad and affects everything from mortgage rates to travel and even food prices. Conditions were already difficult for many Americans living on tight budgets, and this situation certainly does not help."
A swift end to the war against Iran, particularly the reopening of the Strait of Hormuz and the facilitation of oil flow and shipping in the Persian Gulf, could help reduce pressure on American consumers. However, experts have told CBS News that even in that case, prices will not decrease quickly—a matter that places additional financial pressure on the millions of Americans still recovering from the post-COVID inflation wave. Keith Wood, a mortgage expert in the United States, also stated, "Many sectors of the U.S. economy have already felt the impact of these additional costs."
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