President Trump has stated that the U.S. military operation in Iran, initiated eight months ago, lacks a defined exit strategy, while Iranian forces continue to target shipping in the Strait of Hormuz and Houthi groups have engaged in strikes against Saudi Arabia that have reportedly killed at least 20 people in the kingdom and 1,282 in Yemen over the past three months.
These conflicts have contributed to a rise in global energy costs, with Brent crude reaching a five-month high of $112 per barrel on October 22 following attacks on Saudi energy infrastructure, and Moodyâs chief economist Mark Zandi estimates the war has cost U.
S. households approximately $2,000 each due to increased spending and prices.