U.S.-Iran war ‘tax’ begins to hit American businesses and consumers

Businesses across the U.S., including College Hunks Hauling Junk and Moving co-founder Nick Friedman, are facing rising costs due to higher fuel prices, insurance, and economic pressures tied to the U.S.-Iran war.

While large companies like airlines and Amazon have introduced surcharges or raised fees to offset costs, smaller businesses say they have less flexibility to pass those increases on to customers.

Higher energy prices are expected to ripple through the economy, raising costs for transportation, goods, and services across multiple industries.

Economists warn that prolonged price increases could lead consumers to cut back on discretionary spending, slowing economic growth, CNBC has reported.

The broader impact depends on how long energy disruptions last and how effectively businesses and policymakers adapt to sustained cost pressures.