How soaring gas prices and disrupted supply chains will make everything you buy more expensive

The Iran war is not a distant geopolitical shock for U.S. households.

[Source Illustration: Freepik]

The disruptions from the U.S. and Israeli attacks on Iran spread quickly to commercial aircraft, shipping lanes, and the world’s energy supply. Those repercussions have already hit fuel costs, including for motorists, truckers, and fishermen, and are set to spread even more widely to packaging, household goods, appliances, medicines, and electronics.

I study global supply chains and how they interconnect and depend on each other around the world. There are several ways in which U.S. consumers will begin to feel the pinch of the war. Some of those effects have to do with domestic commerce, and some are a........

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