100 days into Iran war: US households paying $750 more as inflation hits 3.8%

One hundred days into the US-Israel war on Iran, American households have spent an average of $750 more due to the conflict, according to a Moody's Analytics analysis, with middle and lower-income families bearing the heaviest burden. Overall inflation surged to 3.8% — the largest increase in three years — with energy prices up 5.5%, partly driven by Iran throttling traffic through the Strait of Hormuz, through which a fifth of the world's oil and gas is exported. A CBS News poll found 66% of Americans disapprove of President Trump's handling of the conflict.