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’60 Minutes’ Issues Major Warning About Rising Costs Amid Trump’s Iran War
Iran's attacks have stranded 400 oil tankers in the Strait of Hormuz, causing U.S. gas prices to rise over 65 cents per gallon since the conflict began, experts say.
- On Sunday, March 15, 60 Minutes warned that Trump's war in Iran will continue to raise costs for Americans, with McNally explaining the Strait of Hormuz's critical role.
- Iran has increased pressure, including laying mines in the Strait of Hormuz and threatening to strike ships, following Iran's attacks on vessels in the area on March 13, 2026.
- U.S. pump prices have risen more than 65 cents per gallon in three weeks, with diesel up $1.24 and average gas near $3.72 per gallon amid the Hormuz blockade.
- The IEA announced emergency reserves of 400 million barrels will soon flow to markets, and the U.S. approved a new BP project off America's Gulf coast and ordered rigs to restart.
- Markets have reacted as Trump urged allies to send warships, but no nations have committed, raising escalation risks amid regional incidents and disruptions in the Strait of Hormuz.
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’60 Minutes’ Issues Major Warning About Rising Costs Amid Trump’s Iran War
An energy expert explained how the conflict will affect Americans at home.
The price of gasoline is rising worldwide because Iran is blocking the Strait of Hormus, which Donald Trump obviously did not expect. The war is going on and the president is almost silent for his circumstances at the moment.
According to several American media, the war in Iran cost the United States $11 billion in just six days, adding direct consequences to the population's portfolio, with a significant increase in fuel and food prices.
One billion dollars a day. This estimate of the cost of the war in Iran to the Americans makes a lot of ink spill into the media across the Atlantic. They also point out that the indirect economic consequences of the Israeli-American offensive further add to the bill.
Why Japan Opposes Trump's Iran War - Unseen Japan
The US is at war with Iran. The US has always been at war with Iran. That’s the Orwellian vibe spilling from the Trump administration this past two weeks as it scrambles for ex post facto justifications of its joint operation with Israel. The latest line is that Trump is the only US politician who had the guts to finish the “war” that Iran “started” 47 years ago with the Islamic Revolution. (Never mind the 1953 CIA-backed coup that installed the…
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