You’re already paying for Trump’s Iran war

The price per gallon of gas is shown on a sign at a station on March 9, 2026, in Miami. | Joe Raedle/Getty Images

President Donald Trump continues to give mixed messages about the war in Iran. But what is clear is the impact that the conflict is already having on the US and global economies. 

Oil prices, which briefly crested $100 a barrel on Monday, are higher than we’ve seen in years. People are already seeing the impact at the pump, with average gas prices above $3.50 per gallon. But the impact doesn’t stop there...