US President Donald Trump believes his war against Iran will be won despite economic costs. He thinks the American economy can handle short-term oil price spikes, saying they’re “a very small price to pay for U.S.A., and World Safety and Peace”. However, energy prices are expected to remain high due to disruptions in global markets, affecting US imports of crude oil, natural gas, and eventually gasoline prices. The war will also raise inflation rates, potentially preventing the Federal Reserve from cutting interest rates. Additionally, soaring gas prices will likely hurt sales of SUVs and increase costs for farmers, trucking companies, and airlines. Despite this, Trump is determined to bring down Iran’s capabilities to lower oil prices. However, his advisors should be aware that a war’s outcome depends on long-term ground-level efforts, which won’t be quick or easy.
Source: https://www.theguardian.com/world/2026/mar/14/trump-iran-war