Prolonged uncertainty over the U.S.-Israeli campaign in Iran, combined with rising energy and grocery costs, is squeezing household budgets and dragging down President Trump’s approval on the economy.
What happened
– The conflict has stretched well beyond initial expectations. What the administration described as a four- to five‑week operation is now in its third month, and military action remains a possibility, the president has said.
– The standoff has translated into higher fuel costs: the national average for gasoline climbed to about $4.44 a gallon, roughly $2 higher than before the war began. California is paying the most; Georgia the least.
– Officials and administration sources told CBS News that the Pentagon’s public $25 billion estimate of war costs is likely an undercount and could be substantially higher.
Economic and political impact
– A Washington Post–ABC News poll shows nearly two‑thirds of Americans disapprove of Trump’s handling of the economy, and a majority now say taking military action in Iran was a mistake.
– Analysts and local consumers report that many households are feeling the squeeze — roughly an extra $50 to $100 a month for average drivers — on top of preexisting affordability concerns.
– That pocketbook pain is translating into political pressure: rising prices and continued uncertainty are eroding the president’s standing with swing and independent voters.
Administration stance and actions
– President Trump has said U.S. forces are remaining in the region to prevent a longer conflict, telling supporters he will “push through” the situation to protect U.S. interests.
– The administration announced it would begin escorting stranded neutral ships through the Strait of Hormuz, calling the effort humanitarian and warning that interference could be met with force.
– At the same time, rhetoric has strained relations with some European allies: the president threatened tariffs on EU vehicles and reductions in U.S. troop presence in Germany; German leaders have criticized U.S. policy and expressed concern about the situation.
Costs and consequences
– Beyond fuel, rising grocery and energy bills are cutting into household budgets at a time when many Americans already cite affordability as a top worry.
– Military spending and broader economic ripple effects are expected to increase fiscal pressures and could further influence public opinion if the conflict continues without a clear endpoint.
What to watch
– Whether the U.S. posture shifts toward de‑escalation or intensifies, and how global oil markets respond.
– Federal and Pentagon budget adjustments tied to the campaign, and whether allied cooperation holds as tensions over trade and security persist.