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Iran War’s Costs Will Stick With Americans for a While

Oil prices are likely to stay high after fighting ends, and data center supply chains are strained.

A gas station in Monterey Park, California, on March 22.Photographer: Frederic J. Brown/AFP/Getty Images

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By Matthew Boesler

March 25, 2026 at 6:08 PM UTC

The US and Iran have exchanged some conditions for a ceasefire, but even if hostilities end soon, Bloomberg News economics reporter Matthew Boesler writes that the costs to Americans will be ongoing. Plus: Oil theft is a problem in Texas, Tricolor car buyers want their loan payments stopped (free link), and how the satellite startup Theia dissolved in a wave of lawsuits. If this newsletter was forwarded to you, click here to sign up.

Just a few weeks of war with Iran is already reshaping the global economy in ways American households and businesses will likely be paying off for the foreseeable future. That’s the growing consensus among Wall Street firms downgrading the outlook for the US in 2026, even as investors latch on to optimism that the White House is working toward a deal to end the fighting.