Consumers hit by one-two punch of oil and rates from Iran war. The estimated bill is $1,700 per household

A man pumps gas at an Exxon station as the price of oil and gas has surged amid the U.S.-Israeli conflict with Iran, in Washington, D.C., U.S., March 5, 2026. Ken Cedeno | ReutersConsumers are facing a double-whammy of jumping oil prices and Treasury yields amid the U.S. war with Iran that is leaving them increasingly cash-strapped.Crude prices reaccelerated in recent weeks as fighting between the U.S. and Iran has ramped back up, a development that will lead to higher prices at the pump. On top of that, the 10-year Treasury yield jumped this week to its highest in 19 years, threatening to intensify affordability challenges for consumers as borrowing costs rise for items like homes and cars."Consumers are under a lot of financial pressure," said Mark Zandi, chief economist at Moody's Analytics.The total bill per household since the U.S.-Iran conflict began is around $1,760, according to an analysis from Moody's Analytics as of Sept. 11.Zandi said $930 — or more than half — of that total bill for households comes from higher costs for energy, a category that includes pressures from rising prices on items like gasoline, diesel and jet fuel. Cumulatively, Moody's found that U.S. consu...