Story perspectives

Moody’s Says Iran War Cost Households $100B

By Drooid · Oct 2, 2026, 2:22 AM UTC · How we work

Summary

Story summary

U.S. President Donald Trump warned the Iran war could cost Republicans the November midterm elections.
The Islamic Revolutionary Guard Corps issued a 25-page letter urging Americans to vote against Trump over the Iran conflict.
Moody’s Analytics estimated the Iran war cost U.S. households $100 billion, about $750 per household, in its first three months.
An AP-NORC poll (Sept. 24-28) found 17 % of U.S. adults approve Trump’s handling of the cost of living.

History

Historical Context

In March 2003, a Gallup poll showed 76% of Americans backing the Iraq invasion. By the 2006 midterms, war fatigue helped Republicans lose House seats while Bush’s approval fell to 31%, illustrating how costly wars can erode party support. The 2024 Iran conflict, costing $100 billion, now threatens Trump’s standing and echoes that pattern.

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Story summary

U.S. President Donald Trump warned the Iran war could cost Republicans the November midterm elections.
The Islamic Revolutionary Guard Corps issued a 25-page letter urging Americans to vote against Trump over the Iran conflict.
Moody’s Analytics estimated the Iran war cost U.S. households $100 billion, about $750 per household, in its first three months.
An AP-NORC poll (Sept. 24-28) found 17 % of U.S. adults approve Trump’s handling of the cost of living.

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