Moody's Analytics says since the Feb. 28 outbreak of the Iran conflict US
households have spent an average additional $447.19 on fuel-related costs.
Higher gasoline and airfares have cost US consumers about $60bn in aggregate.
Moody's chief economist Mark Zandi said: "Unless the war ends soon,
cash‑strapped consumers will have no choice but to be more cautious with
spending, which will threaten an already weak economy."
