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: The Trump ‘War Tax’: The Economic Costs of the Iran War


The Trump ‘War Tax’: The Economic Costs of the Iran War

Please join the Center for American Progress for an online discussion on the economic costs of the U.S. war in Iran.


2:00 - 3:00 PM EDT

Restoring Social Trust in Democracy, Fossil Fuels, Iran, +2 More

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Part of a Series
A bulk carrier is seen near the Strait of Hormuz on March 22, 2026. (Getty)
A bulk carrier is seen near the Strait of Hormuz on March 22, 2026. (Getty)

President Donald Trump’s decision to initiate a war on Iran has roiled the global economy, most significantly by precipitating the effective closure of the Strait of Hormuz, through which one-fifth of global oil supplies transit. The combined financial toll of the war has imposed new tradeoffs on the federal budget and increased prices for millions of American consumers.

Please join the Center for American Progress as we host an online discussion on the economic costs of the U.S. war in Iran.

This event is part of our ongoing event series, “Trump’s War of Choice“.

Explore The Series

Motorists drive along an expressway as plumes of smoke rise after a strike in Tehran.

By striking Iran on February 28, President Donald Trump launched the United States into war without any meaningful justification, strategy, or exit plan. This war follows a pattern for Trump’s second administration, where it has sought to use military action as a first resort, trampling the Constitution and sowing instability in new theaters seemingly every few months. From the Caribbean to Venezuela to Iran, Trump seems only interested in furthering narrow interests at home and abroad, while the American people are left with rising costs, greater insecurity, and moral outrage at the loss of service members and civilians.

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