Here's how much the the Iran war cost -- and how its effects will linger

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Here's how much the the Iran war cost -- and how its effects will linger

A man walks past a billboard featuring the portraits of (right to left) Iran's new Supreme Leader Ayatollah Mojtaba Khamenei, the late Supreme Leader Ayatollah Ali Khamenei, and the late Supreme …

A man walks past a billboard featuring the portraits of (right to left) Iran's new Supreme Leader Ayatollah Mojtaba Khamenei, the late Supreme Leader Ayatollah Ali Khamenei, and the late Supreme Leader Ayatollah Ruhollah Khomeini, in Srinagar, Jammu and Kashmir, on June 15. Firdous Nazir/NurPhoto via Getty Images hide caption toggle caption Firdous Nazir/NurPhoto via Getty Images As conflicts go, the Iran war, should a loose framework and ceasefire deal hold , was relatively short in duration. But its costs and aftereffects will likely linger for years. The months-long conflict, which pitted the world's most powerful military against a far weaker, yet strategically adept, adversary cost the lives of 13 U.S. service members and more than 3,300 Iranians, according to state media. Another 3,826 have been killed in Lebanon, nearly 60 in Israel and dozens across Gulf states, according to authorities in those countries. It also led to higher oil prices and spiked inflation and mortgage rates in the U.S. -- and made the job of incoming Federal Reserve chief Kevin Warsh more complicated. And it roiled global energy markets, paralyzed a key waterway, led to fuel rationing in countries in Asia and Africa, disrupted supply chains of everything from semiconductors to fertilizers, while hitting the economies of key Middle East nations particularly hard. …

Original source: NPR News

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Exxon Mobil · Kevin Warsh · Middle East · Federal Reserve · Hormuz · American Farm Bureau Federation