American Outcry Admits: War on Iran Is Sinking the U.S. Economy and Triggering a Severe Fuel Crisis
American reports speak of losses amounting to hundreds of billions and a historic surge in fuel prices as Washington struggles to secure navigation through the Strait of Hormuz
NYN | Reports and Analyses
American media reports revealed on Monday that the economic repercussions of the war led by U.S. President Donald Trump’s administration against Iran are rapidly escalating, confirming that the actual losses suffered by the American economy have far exceeded officially announced figures, amid warnings of an inflation wave and a financial crisis that could last for years.
According to an analytical report by the Financial Times, the cost of the war has surpassed hundreds of billions of dollars due to accelerating military depletion, the operational costs of aircraft carriers, the consumption of smart munitions, and the massive logistical expenses associated with military operations in the Gulf.
Economic experts told the newspaper that the “real military bill” remains far greater than public estimates, noting that the U.S. economy has begun losing the momentum of recovery that the White House had relied upon, turning the situation into a heavy financial burden weighing simultaneously on markets and consumers.
Record Fuel Price Hikes and Global Supply Disruptions
According to the report, the closure of the Strait of Hormuz and escalating maritime tensions have caused a sharp spike in fuel prices within the United States, rising by 52% since the outbreak of the war. This has led to higher transportation and borrowing costs and unprecedented disruption to global supply chains.
The reports explained that the crisis has directly impacted American markets, with growing fears that the economy may enter a phase of severe stagflation, alongside a decline in American consumer confidence to what were described as “historic” levels.
California on the Brink of an Energy Crisis and Economic Paralysis
In the same context, the The Wall Street Journal reported that the state of California is facing an economic situation likely to worsen after the closure of two of the state’s largest oil refineries was announced due to crude supply shortages and soaring maritime insurance costs.
The newspaper warned that the continuation of the crisis could lead to widespread paralysis in the transportation and services sectors within the largest U.S. state by GDP, at a time when living pressures on citizens and businesses are intensifying.
A Double Dilemma Haunting the Trump Administration
Analysts believe that the Trump administration has become trapped in a double dilemma: on one hand, the depletion of the American budget is accelerating because of war expenses; on the other, American citizens are facing mounting living burdens driven by inflation and rising energy prices.
The American reports conclude that the continuation of military confrontation in the Gulf and the depletion of U.S. defensive capabilities threaten to bankrupt major airlines and shipping companies, and could push the global economy into what is described as the harshest recession in decades, amid faltering American efforts to restore secure energy flows through the Strait of Hormuz.
