Why the war with Iran is hitting your wallet and why it may not end anytime soon

President Trump, following his return from China, is escalating threats against Iran as negotiations to end the ongoing war stall and the closure of the Strait of Hormuz continues to drive up U.S. gas and consumer prices. Amid increased tensions—including drone attacks on the UAE and Saudi Arabia, both frequently targeted by Iran—Trump has rejected Iran’s latest offer, citing unresolved nuclear concerns, while allies like Senator Lindsey Graham push for intensified military action. The economic fallout is being felt nationwide, with small businesses struggling to avoid price hikes.