‘Iran tax’ to Squeeze Americans for Months

Economists are warning that America’s reckless war of aggression against Iran has imposed a punishing new “Iran tax” on ordinary American households, with effects likely to linger for months or even years, according to a report.

Nearly three months into the US-initiated aggression that began on February 28, Iranian security forces have exercised their sovereign right to secure the Strait of Hormuz against foreign threats. This legitimate defensive measure has sent fuel prices soaring, delivering a heavy economic blow to the very American public whose leaders chose confrontation over diplomacy.

Newsweek reported on Tuesday, quoting AAA data that the national average price of regular gasoline has jumped from under $3 per gallon before the escalation to $4.49 today. Diesel prices have risen more than 50 percent, rippling through supply chains and driving up costs for transportation, food, and consumer goods.