Trump Says the Iran War Could End Soon: How Your Wallet Could Still Feel the Pinch After It’s Over

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Middle-Class Earners Are Quietly Becoming Millionaires — and How You Can, TooNo matter when it ends, the financial fallout is likely to continue. Here are four ways your wallet could still feel the pinch.Maybe the biggest immediate impact of the war is its effect on oil and gas prices. The average price of a gallon of regular gasoline reached $3.84 a gallon as of March 18, according to AAA. That’s up from $3.08 a year ago and $2.92 as recently as a month ago.“While we have not yet reached crisis level, should this matter not be resolved by consensus projections, energy prices could reach 2022 Russia-Ukraine levels,” Tejas Dessai, director of thematic research at Global X, wrote in an email shared with GOBankingRates.Even after the war ends, it could take years to rebuild damaged oil infrastructure in the Middle East, which could have a lingering impact on oil, gas and energy prices.Check Out: 4 Grocery Items That Have Gotten Much More Expensive Since Trump Took OfficeThe combination of rising oil prices, overall inflation fears and the expensive war effort could lead the Federal Reserve to delay or forgo interest rate cuts. This could pinch your wallet in numerous ways, from higher mortgage rates and sluggish stock growth to economic risks that could threaten jobs.“Conflict-driven inflation risks could force policymakers to reassess their outlook for 2026, especially as markets rapidly dial back expectations for interest rate cuts,” Lukman Otunuga, senior market analyst at FXTM, wrote in a note shared with GOBankingRates. “Traders should brace for heightened volatility across equities, commodities and currencies.”One of the main drivers of stock market gains over the past couple of years has been the artificial intelligence (AI) boom. AI investments reportedly have accounted for roughly half of U.S. economic growth in recent quarters, according to a recent blog from Desmond Lachman, senior fellow at the American Enterprise Institute.But the war could slow that momentum and cut into wealth gains for AI investors.“Higher energy prices could now constitute a headwind to that boom, considering how energy-intensive the AI revolution is,” Lachman explained.A shutdown in Middle East travel has contributed to sell-offs in the shares of airline stocks, cruise ship operators and hotel/lodging companies. The region’s travel industry isn’t likely to bounce back quickly no matter when the war ends, which could mean lower returns for investors in travel and hospitality stocks.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoTrending tickersSMCI Super Micro Computer, Inc. 30.79 +0.44 (+1.45%)GE GE Aerospace 291.61 -9.35 (-3.11%)BTC-USD Bitcoin USD 70,232.03 -778.46 (-1.10%)FDX FedEx Corporation 356.11 +6.37 (+1.82%)PL Planet Labs PBC 26.96 +2.15 (+8.67%)PortfolioSign in to access your portfolioSign inTop gainersAXTI AXT, Inc. 58.09 +9.33 (+19.13%)TSEM Tower Semiconductor Ltd. 166.08 +24.12 (+16.99%)VET Vermilion Energy Inc. 14.42 +1.81 (+14.35%)SRRK Scholar Rock Holding Corporation 45.50 +5.71 (+14.35%)SIG Signet Jewelers Limited 89.56 +10.79 (+13.70%)Top losersHYMC Hycroft Mining Holding Corporation 31.76 -4.48 (-12.36%)CENX Century Aluminum Company 49.65 -5.69 (-10.28%)FAF First American Financial Corporation 58.24 -5.73 (-8.96%)AA Alcoa Corporation 58.65 -5.58 (-8.69%)LB LandBridge Company LLC 71.05 -6.61 (-8.51%)Most activeNVDA NVIDIA Corporation 178.56 -1.84 (-1.02%)VG Venture Global, Inc. 14.29 -0.56 (-3.77%)PLUG Plug Power Inc. 2.4000 +0.0800 (+3.45%)RIVN Rivian Automotive, Inc. 16.12 +0.59 (+3.80%)MU Micron Technology, Inc. 444.27 -17.46 (-3.78%)Top economic eventsEarnings eventsMy earnings eventsEarnings events