{"id":113960,"date":"2026-05-14T17:40:36","date_gmt":"2026-05-14T17:40:36","guid":{"rendered":"https:\/\/www.europesays.com\/iran\/113960\/"},"modified":"2026-05-14T17:40:36","modified_gmt":"2026-05-14T17:40:36","slug":"how-the-iran-war-is-driving-up-gas-flight-and-mortgage-prices","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/iran\/113960\/","title":{"rendered":"How the Iran War Is Driving Up Gas, Flight and Mortgage Prices"},"content":{"rendered":"

We’re 68 days into the U.S.-Israel conflict with Iran, and the effects have moved well beyond the Middle East and into everyday American life. The closure of the Strait of Hormuz, through which roughly a quarter<\/a> of the world’s oil flows, sent a shock wave through energy markets, leaving consumers paying more at the pump and for flights.<\/p>\n

Here’s a peek into what’s changed since the start of the war:<\/p>\n

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How the Iran conflict is costing you\ud83d\udcca 3.3% \ud83d\udcca<\/p>\n

In March, the Consumer Price Index<\/a> (CPI) rose 3.3% annually \u2014 the highest level since April\u00a02024<\/a> \u2014 driven by a surge in energy prices. The CPI is a key economic indicator, measuring inflation and how much consumers pay for everyday goods and services.<\/p>\n

\u26fd $4.54 \u26fd<\/p>\n

The national average for a gallon of regular gas hit $4.54 as of May 6, which is the highest since the conflict began and $1.56 more than the $2.98 average<\/a> just before the war started on Feb. 28, according to AAA<\/a>.<\/p>\n

\ud83c\udfe0 6.30% \ud83c\udfe0<\/p>\n

Homebuyers had a brief window of hope before the war. In the week before the airstrikes began, Freddie Mac reported the 30-year fixed-rate mortgage had dipped to 5.98% \u2014 its lowest point in about three and a half years. Mortgage rates have since surged to as high as 6.30% (this week’s reading), per Freddie Mac.<\/a><\/p>\n

\u2708\ufe0f 42% \u2708\ufe0f<\/p>\n

Naturally, with higher jet fuel costs, flying has gotten more expensive. The average round-trip international flight hit $1,101 as of April 27, a 42% jump from $775 just before the war started, according to Kayak<\/a>. The average domestic round-trip flight now costs $365, up nearly 24% from the same period a year ago. Airlines, including United, Delta, JetBlue and Southwest, have all raised bag fees<\/a> on top of fare hikes to offset soaring jet fuel costs.<\/p>\n

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