Following the US-Israeli strikes on Iran, gas prices, grocery bills and mortgage rates have all climbed

The US-Israel war against Iran has sent shockwaves through global markets, leaving many Americans grappling with a growing financial squeeze on everyday living costs.

Following the US-Israeli strikes on Iran – prompting retaliatory attacks on US allies in the region and Iran’s decision to close the Strait of Hormuz, a critical maritime passage – costs have surged across the US. Gas prices, in particular, have spiked sharply, with the national average rising by roughly 30% over the past month. Grocery bills, mortgage rates and fertilizer costs have also climbed.

Now, many Americans are being forced to reassess their finances and cut back drastically on basic necessities such as food, clothing and electricity.

  • flandish@lemmy.world
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    8 hours ago

    remember: this is what the owning class wants. scared, hungry, poor people are much more likely to accept shit wages and still pay more everyday for everyday things.

    the gaps in pay and cost will only end up as profit in the owning classes.

    bonus is that the same working people are too hungry tired or scared to merc these fuckers.