Investors prosper, consumers pay as Iran war exacts uneven economic toll 6 months in
Summary
Six months after the U.S. and Israel began bombing Iran, the worst economic predictions about the war have not happened. While oil prices have risen and some costs increased for everyday people, global stock markets have recovered and even grown, showing a mixed economic impact.Key Facts
- The war between the U.S. and Israel against Iran started on February 28, 2026.
- Oil prices rose from about $72 to nearly $120 per barrel early in the war and remain about 20% higher than before.
- Higher oil prices have made fuel, food, and travel more expensive for many consumers.
- Airlines have raised ticket prices, added fuel surcharges, cut flights, and some companies like Spirit Airlines shut down.
- Stock markets fell for several weeks after the war began but have since gained significantly, with major indexes up between 19% and 27%.
- The International Monetary Fund says the economy faces both challenges from the war and growth from interest in artificial intelligence.
- Sales of electric vehicles have increased strongly in many countries, partly because the war slowed oil transport through the Strait of Hormuz.
- The war’s impact on the global economy has been uneven, with investors benefiting while ordinary consumers often face higher costs.
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