U.S.-Iran war hits 7-month mark as gas, airfare costs squeeze wallets

As the U.S. war with Iran reaches a seven-month mark, Americans are feeling the squeeze through higher energy and travel costs. Treasury Secretary Scott Bessent said Iran’s economy is weeks from collapse, a claim critics say has been made before without easing financial pressure. The national average for regular gasoline is $1.50 higher than before the war, while diesel is up nearly $2.70 and hit a record last week. The Institute on Taxation and Economic Policy estimates households have paid about $775 extra this year due to pump prices. Oil rose Monday after President Donald Trump rejected Iran’s latest offer to end the conflict. Jet fuel costs have also climbed, and even if they fall, airfare may remain high during the holiday season.