US-Iran War Cost Estimates Reach $132 Billion, Global Economic Growth Forecast Cut to 2.5%
The US-Iran war has cost American consumers and taxpayers around $132 billion so far, with ongoing expenses expected to add more than $360 million daily in higher gasoline costs. The war also led to a jump in mortgage rates, making it harder for people to buy homes, while oil prices soared, causing inflation and disrupting global energy markets. Global economic growth forecast has been cut to 2.5%, with the World Bank estimating Gulf economies' GDP will expand just 1.3% this year, down from 4.5% in 2025.
Original Article Source Link:
https://www.npr.org/2026/06/17/nx-s1-5860739/iran-war-cost-oil-military-trade