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Our Vacations. Our Food. Our Mortgages. The Iran War Will Change Our Lives.

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07.04.2026

Our Vacations. Our Food. Our Mortgages. The Iran War Will Change Our Lives.

By Bill Saporito and David Stubbs

Mr. Saporito is a senior staff editor in Opinion. Dr. Stubbs is the chief investment strategist at AlphaCore Wealth Advisory.

When will the conflict with Iran end? President Trump’s timeline, like his military strategy, is ephemeral. But its knock-on effects are already here. This war is, in all likelihood, impacting your life — and will continue to for most of this year.

Let’s start with your summer vacation planning. The airlines are responding to high jet fuel prices by raising fares while trimming their schedules — United has already announced a 5 percent flight cut. That means fewer seats will be available at peak travel season and flight crews will work fewer hours.

Heading to or from a city such as Presque Isle, Maine, or Butte, Mont., that is served exclusively by regional airlines? Those flights will be the first to be canceled, Mike Boyd, an airline industry consultant, has pointed out. Carriers can’t run the small, 50-seat jets that serve those markets profitably when jet fuel has more than doubled to more than $4 gallon.

The value carriers that serve popular destinations such as Orlando and Las Vegas could be particularly hard hit. Florida-based Spirit Airlines, known for its yellow jets and unbundled fare structure, just emerged from its second bankruptcy; Frontier, its Western counterpart, delayed orders for new planes and canceled some leases on its current fleet to concentrate on filling the planes it has. And all this is on top of the airport chaos created by bad weather (hello, climate change), air traffic controller shortages and Transportation Security Administration staffing issues.

Road trippers won’t have it much better. For recreational vehicle owners or renters, a trip to national parks such as Zion or Great Smoky Mountains — already suffering from DOGE budget cuts — will get more challenging with R.V.s that average six to 15 miles per gallon in mileage. Motor boaters could be up a creek, too.

Expect to pay even more for food, also. Prices for meat, wheat, coffee and sugar are rising because the planting, harvesting, processing, storage and transportation of food is energy intensive. Farmers are struggling to get the fertilizers they’ve ordered from the Middle East. The price of anhydrous ammonia fertilizer, one of the most used, is up more than 20 percent this year. Farmers can buy potash-based fertilizers from Canada — but those are subject to a 10 percent tariff. The other big supplier? Russia.

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