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An expert forecasts how the Iran war could hit your budget
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An expert forecasts how the Iran war could hit your budget

Vox·Eric Levitz·about 2 months ago
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Chair of the Joint Chiefs of Staff Gen. Dan Caine speaks as he displays a map showing the United States Navy's blockade of the Strait of Hormuz during a press briefing at the Pentagon on April 16, 2026, in Arlington, Virginia. | Alex Wong/Getty Images The aorta of the global energy economy has been clogged for more than a month now.  The closure of the Strait of Hormuz — the narrow waterway connecting the Gulf oil producers to global markets — has throttled worldwide energy production and driven up the prices of gasoline , diesel , fertilizer, plastics, and myriad other commodities.  This has led many Americans to fear that their rising energy bills are just the beginning — and that America’s ongoing conflict with Iran could push up grocery prices too. And yet, that foot still hasn’t dropped. According to March’s Consumer Price Index (CPI) , food prices were no higher last month than they had been in February.…

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