Iran conflict threatens Trump's economic gains with rising prices

The war with Iran threatens President Trump's touted economic gains, potentially increasing prices for consumers. Rising oil prices due to the conflict's impact on the Strait of Hormuz, coupled with supply chain disruptions and higher fertilizer costs, could fuel inflation. Mortgage rates have also begun to climb. The stock market, a key economic indicator for Trump, has experienced volatility, though defense stocks have seen gains. The overall economic impact depends on the conflict's duration.