Trump's strikes on Iran could cost the American economy up to $210B, report says [Yahoo! Finance]
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Source: Yahoo! Finance
The ongoing conflict is already driving disruption to trade, global energy markets, and gasoline prices, though it is difficult to precisely estimate how much the war will impact the economy, Smetters told Fortune His predictions currently estimate a $115 billion economic loss, though that figure could range between $50 billion and the upward bound of $210 billion depending on the nature and duration of the conflict “One problem I have with cost-of-war calculations is that they really do ignore the counterfactual,” he told the outlet. “If Iran really did get a nuclear weapon, then we might have spent a lot more on military and even repair of cities later on.” The president has already acknowledged the economic threat of the war, offering government-backed insurance and potential naval escorts to energy tankers moving through key chokepoints in the Gulf region. The U.S. war with Iran could cost the American economy more than $200 billion, according to a widely used model, on t
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