“The war itself is also costing Americans money, and lots of it. Economist Justin Wolfers notes that the estimated cost of $1 billion a day does not include the larger cost to the economy. The Pentagon’s number counts only bombs and planes and personnel, Wolfers points out. It does not include higher oil prices, geopolitical strife, business uncertainty, and slower growth. Those costs will mount into the hundreds of billions.”

#USPolitics #Iran #LettersFromAnAmerican

https://heathercoxrichardson.substack.com/p/march-20-2026

March 20, 2026

On Wednesday, Israeli forces hit Iranian facilities in the South Pars natural gas field in the Persian Gulf, shared by Iran and Qatar.

Letters from an American