The Iran war's economic hit could linger through 2026, economists say

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The Iran war's economic hit could linger through 2026, economists say

In the eight weeks since the Iran war started, the conflict has driven gas prices above $4 a gallon, strained homebuyers and pushed inflation to its highest level in nearly two years. …

In the eight weeks since the Iran war started, the conflict has driven gas prices above $4 a gallon, strained homebuyers and pushed inflation to its highest level in nearly two years. Even if the war ends soon, Americans are likely to feel the financial sting for months, economists say. "I think the damage has already been done, in part because there's no going back on oil prices, at least not any time in the near future," Mark Zandi, chief economist at Moody's Analytics, told CBS News. …

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