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Senate Democrats Estimate Iran War Cost Americans $8.4B In Gas Prices

Source: Smith Collection/Gado / Getty

The economic impact of the ongoing war in Iran was felt almost immediately across the world. Gas prices shot up globally within days of the first missile strikes and have yet to come down. In fact, the Joint Economic Committee’s Democratic minority estimates that the Iran war has cost U.S. citizens an additional $8.4 billion at the gas station. 

According to CBS News, the estimate is based on AAA’s tracking of daily gas prices since the war in Iran began.

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