How Iran war could upend Trump’s touted economic gains
NBC News • • nation
Key Points:
- President Trump touted economic gains such as lower gas prices, slowing inflation, and a rising stock market before the recent conflict with Iran began, but the war has since threatened these improvements.
- Gas prices have increased due to disruptions in the Strait of Hormuz, a critical oil shipping route, with potential further rises expected; the U.S. is considering naval escorts and insurance guarantees to keep oil flowing.
- Inflation, which had been slowing, may rise again due to supply chain disruptions and higher fertilizer prices, impacting farmers and consumers alike; some companies are rerouting shipments to avoid conflict zones.
- Mortgage rates have climbed following the conflict, raising borrowing costs for homebuyers and potentially affecting housing affordability, as the Federal Reserve may delay interest rate
