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Iran war has cost Americans $1,000 per household, economist estimates
By Mary Cunningham at CBS Texas (KTVT) DFW
· June 29, 2026
· 3 min read
The Iran war has cost Americans roughly $1,000 per household in higher fuel, food and other expenses since the start of the conflict in February, according to an estimate shared last week by Moody's Analytics chief economist Mark Zandi.Zandi's analysis comes as government data shows inflation in ...
Key takeaway The sides will continue talks to end the conflict in Qatar on Tuesday, President Trump said on Monday.
Why this matters in Southlake News
For Southlake residents, the estimated $1,000 per household cost of the Iran war hits close to home, particularly at the gas pump. With many commuters in the Dallas-Fort Worth area relying on their vehicles to get to work, the $300 average increase in gasoline costs since the war began will be felt deeply. Additionally, the higher cost of groceries due to increased fuel costs for transportation will affect local families' budgets. The war's impact on interest rates may also be felt in the local real estate market, as higher borrowing costs could slow down home sales and construction projects in Southlake. As the conflict continues, Southlake residents will be watching to see how the ongoing talks in Qatar affect the local economy and their own household expenses. With the city's strong economy and high standard of living, any increase in costs due to the war will be closely monitored by residents and city officials alike.
About this story
Original reporting by CBS Texas (KTVT) DFW . Southlake News surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit CBS Texas (KTVT) DFW . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: June 29, 2026 ·
Source: CBS Texas (KTVT) DFW ·
Reading time: 3 min
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Frequently asked about this story
What is this story about? The Iran war has cost Americans roughly $1,000 per household in higher fuel, food and other expenses since the start of the conflict in February, according to an estimate shared last week by Moody's Analytics chief economist Mark Zandi.Zandi's analysis comes as government data shows inflation in ...
When was this published? This article was first published on June 29, 2026 by CBS Texas (KTVT) DFW and curated for Southlake News readers.
Who reported this story? This story was reported by Mary Cunningham at CBS Texas (KTVT) DFW. To learn more about how Southlake News selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from Southlake News, or browse our daily briefing and topic hubs .
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