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Trump Hit With Grim Warning His Crisis Will Only Get Worse
The Daily Beast • • nation
Key Points:
- The Congressional Budget Office (CBO) projects that Donald Trump's war with Iran could increase inflation by about 0.5 percentage points in early 2027, mainly due to higher energy costs from disrupted oil shipments through the Strait of Hormuz.
- The conflict, now in its seventh month, has already cost the Pentagon approximately $38 billion, with monthly expenses expected to rise by $2 billion to $3 billion as fighting continues.
- Rising Brent crude oil prices, which surged from $64 to $103 per barrel between late 2025 and mid-2026, are contributing to inflationary pressures linked to the war.
- Trump’s approval ratings remain low amid voter frustration over the cost of living, particularly grocery prices, which are a significant concern according to internal polling within the Trump administration.
- Democrats have criticized the war for its economic impact and military costs, urging Trump to end the conflict to alleviate financial strain on American families and preserve military readiness.
