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Long Iran War Would Hurt Consumers, But That’s the ‘Last of Our Concerns’: Trump Economic Adviser
"Republicans don’t give a damn about the American people and will continue to make your life more expensive," said House Democratic leader Hakeem Jeffries (D-NY) in response.
Mar 17, 2026
White House National Economic Council Director Kevin Hassett caused a stir on Tuesday when he indicated that the prospect of US consumers getting hurt by a protracted conflict with Iran was not of particular concern to the administration.
During an interview on CNBC, Hassett dismissed concerns about the Iran war, which is now in its third week, dragging on indefinitely.
"The US economy is fundamentally sound," Hassett claimed. "And if [the war] were to be extended, it wouldn't really disrupt the US economy much at all. It would hurt consumers, and we'd have to think about, you know, if that continued, what we would have to do about that, but that's, like, really the last of our concerns right now... because we're very confident that this thing is going ahead of schedule."
Hassett: "If the war were to be extended, it wouldn't really disrupt the US economy very much at all. It would hurt consumers, and we'd have to think about what we'd have to do about that, but that's really the last of our concerns right now." pic.twitter.com/PVr63QO9Iv
— Aaron Rupar (@atrupar) March 17, 2026
In fact, US consumers are already hurting financially from the effects of the Iran war, which has caused the price of both oil and gasoline to skyrocket. Petroleum industry analyst Patrick De Haan reported on Tuesday that the average price of gas in the US has reached $3.80 per gallon, while the average price for diesel fuel has reached $5.03 per gallon.
The war's impact on oil and gas prices has been exacerbated by Iran closing down the Strait of Hormuz to shipping, and so far there is no indication that it will be reopening anytime soon.
Democratic lawmakers quickly pounced on Hassett's admission that pain for US consumers was "the last of our concerns right now."
"The Trump administration is saying the quiet part out loud," said Sen. Elizabeth Warren (D-Mass.), "the higher costs you're paying are the LAST of their concern."
"Trump's team of Epstein class advisors says it out loud more often than you’d think: 'consumers are the last of our concern right now,'" commented Sen. Chris Murphy (D-Conn.).
"Well I’m not some sort of political expert but this feels like an unhelpful thing to say," remarked Sen. Brian Schatz (D-Hawaii).
"Trump economic advisor says consumer pain is the last of their concerns," commented Sen. Ruben Gallego (D-Ariz.). "Tell that to Americans paying almost twice as much for gas as they were a month ago."
"The Trump administration has once again said the quiet part out loud," said House Democratic leader Hakeem Jeffries (D-NY). "Republicans don’t give a damn about the American people and will continue to make your life more expensive. You deserve better."
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'Bone-Chilling': Gamblers ‘Vowing to Kill’ Journalist Unless He Changes Iran War Report to Help Them Win Polymarket Bet
“After you make us lose $900,000, we will invest no less than that to finish you.”
Mar 16, 2026
An Israeli journalist said he's received death threats from gamblers demanding he change an accurate report about an Iranian missile strike in order to help them win a bet on the prediction app Polymarket.
On Monday, Emanuel Fabian, a military correspondent for The Times of Israel, wrote that he was confused when he suddenly received several requests to correct a report on March 10 that an Iranian missile had struck Israeli territory.
Fabian said he'd based his report on information from "rescue services" as well as "footage that emerged showing the massive explosion caused by the missile’s warhead." No injuries were reported from the impact, as the missile struck an empty area outside the city of Beit Shemesh, near Jerusalem.
"What I thought was a seemingly minor incident during the war has turned into days of harassment and death threats against me," Fabian said.
Hours after posting the report to the paper's live blog, Fabian said he received an email, from a user identifying as Aviv, claiming that what had hit the ground was not a missile, but an interceptor fragment.
Fabian contended military sources had confirmed it was a missile and that the impact was far too large to have been from only an interceptor.
He then received another email from a user named Daniel with the exact same gripe. Daniel described having an "urgent request" for the report to be changed and told Fabian that by changing it, "you would be helping me, many others, and, of course, the state of Israel."
Daniel sent Fabian several more emails over the next couple of days demanding a correction, and the tone continued to grow more urgent.
"I ask again, if you could handle this as soon as possible, it would help us a lot," Daniel said on Thursday. "It’s really important, if possible, still this morning."
Other users messaged him with the same complaint over email and the messaging app Discord. It was only when Fabian received more angry replies from two more users on X that he realized what was going on.
"Checking those X accounts, both appeared to be involved in gambling on the Polymarket betting site," he explained. "As far as I now understand, the emails I received were intended to confirm whether or not a missile had hit Israel on March 10 in order to resolve a prediction on Polymarket."
Polymarket is a cryptocurrency-based prediction market where users buy and sell shares tied to real‑world events, enabling them to bet on the likelihood of future events, including those in wartime.
Fabian found that the people clamoring for his attention had put money on whether Iran would strike Israel on March 10. "This market will resolve to ‘Yes’ if Iran initiates a drone, missile, or air strike on Israel’s soil on the listed date in Israel Time (GMT+2). Otherwise, this market will resolve to ‘No’,” the website explained. However, it stipulates that intercepted missiles would not receive a "yes" verdict.
As of March 16, gamblers had wagered more than $14 million on the event.
Over the next several days, requests continued to roll in from people demanding a correction to the story.
One user presented a fabricated email, purportedly from Fabian to Daniel, stating that the Israel Defense Forces had confirmed the missiles were intercepted and that he planned to correct the story.
Fabian was later approached by a colleague at another publication, who said his friend had asked him to reach out for the story to be changed. After being confronted, the friend admitted that he had money on the wager too, and offered some of his winnings to Fabian's colleague if he could persuade the journalist to change the story.
By the weekend, the messages had become violent. Fabian said a user identified as Haim accosted him with several threatening messages in Hebrew over WhatsApp:
"You have exactly half an hour to correct your attempt at influence,” Haim wrote. "Despite the fact that you received countless inquiries—you insist on leaving it that way.”
“If you do not correct this by 01:00 Israel time today, March 15, you are bringing upon yourself damage you have never imagined you would suffer,” he threatened, in a very lengthy message.
Haim also attempted to call me via WhatsApp multiple times during the night, before sending me more messages.
“You have no idea how much you’ve put yourself at risk. Today is the most significant day of your career. You have two choices: either believe that we have the capabilities, and after you make us lose $900,000 we will invest no less than that to finish you."
Haim also threatened Fabian by referring "with specific details" to his home address, his parents, and family.
After receiving several more threats and being contacted by someone purporting to be a "lawyer," Fabian went to the police, who he said are now investigating the situation.
The threats continued into Monday, after Fabian ran into a bomb shelter amid another Iranian missile attack.
"The attempt by these gamblers to pressure me to change my reporting so that they would win their bet did not and will not succeed," Fabian said. "But I do worry that other journalists may not be as ethical if they are promised some of the winnings."
He said that journalists are in a unique position to "exploit their knowledge for insider trading on the platform."
Polymarket and other similar "prediction market" apps like Kalshi have come under similar scrutiny in the United States for allowing users to place suspiciously timed bets on military actions taken by the Trump administration.
Earlier this month, the watchdog group Public Citizen sent a letter to the chair of the Commodity Futures Trading Commission (CFTC), which regulates prediction markets, outlining a series of "highly suspicious" bets made just before President Donald Trump launched strikes against Iran on February 28. Among the big winners were what the Wall Street Journal described as "six suspected insiders,” whose immaculately timed wagers netted them a $1.2 million profit.
In January, another trader made more than $436,000 after betting that Veneuzelan President Nicolás Maduro would be removed from power just hours before Trump launched an operation to remove him.
In the face of state regulations, the Trump administration has sought to ease restrictions on betting apps. The Trump family's media company offers access to prediction markets on its Truth Social platform via Crypto.com. Meanwhile, Donald Trump Jr. is an adviser to both Polymarket and Kalshi.
US Sen. Chris Murphy (D-Conn.), who has emerged as a leading critic of prediction markets, described Fabian's account as a "bone-chilling story."
The senator said: "We need to end prediction markets for government action. NOW."
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Amid Alarm That Trump Has No Plan for Iran, Critic Contends None 'Could Possibly Justify This'
"The war is wrong and illegal and needs to stop now—that's it, that's the line," said journalist Adam Johnson.
Mar 11, 2026
Several Senate Democrats on Tuesday came out of a classified briefing about the US-Israeli assault on Iran warning that President Donald Trump "can't defend this war in public" and top officials have even failed to explain behind closed doors "what the endgame is or what their plans are."
Media critic and political analyst Adam Johnson responded to such comments on social media early Wednesday, reminding leaders on Capitol Hill and beyond that "the war is wrong and illegal and needs to stop now—that's it, that's the line."
Experts around the world have argued that the US assault is unconstitutional, given congressional authority to declare war, and runs afoul of the United Nations Charter, which bars the use of force unless it is a "necessary and proportionate" act of self-defense or is authorized by the UN Security Council. Despite that, nearly all Republicans and a short list of Democrats in Congress have blocked war powers resolutions in both the GOP-controlled Senate and House of Representatives.
Sen. Chris Murphy (D-Conn.) voted for the resolution and was among the senators sounding the alarm after Tuesday's briefing. He wrote in a five-part thread on X that "the war goals DO NOT involve destroying Iran's nuclear weapons program," and Pentagon and White House officials "confirmed 'regime change' is also NOT on the list."
The primary goal of Trump's war on Iran seems to be "destroying lots of missiles and boats and drone factories," according to Murphy. "But the question that stumped them: What happens when you stop bombing and they restart production? They hinted at more bombing. Which is, of course, endless war."
"And on the Strait of Hormuz, they had NO PLAN," he said of the key waterway Iran has shut down, cutting off the flow of fossil fuel exports and other products. "I can't go into more detail about how Iran gums up the strait, but suffice it say, right now, they don't know how to get it safely back open. Which is unforgivable, because this part of the disaster was 100% foreseeable."
Responding to Murphy in a pair of posts, Johnson argued that "we don't need 9,000 tweet threads consternating over an alleged lack of 'plan.' We also don't need another take criticizing the regime change war for not being sufficiently regime change-y."
"Criticizing Trump for a lack of a 'plan' implies the existence of a plan that could possibly justify this," he continued. "There isn't any, so what does a plan, or lack thereof, have to do with anything? The war is fundamentally unjust, illegal, and immoral regardless of nominal 'aims' or 'goals.'"
Since disrupting diplomatic talks on a new nuclear deal by bombing Iran a dozen days ago, Trump and his top officials, including Pentagon chief Pete Hegseth and Secretary of State Marco Rubio, have publicly sent mixed signals on aiming to stop Iran from developing a nuclear weapon, regime change, how long they expect the war to last, and how much it will cost US taxpayers.
As The Washington Post reported, the Pentagon told Congress on Monday that it "burned through $5.6 billion worth of munitions during the first two days of its military assault on Iran."
That disclosure came after a Washington, DC think tank, the Center for Strategic and International Studies, put the estimated cost of the war at $891.4 million per day, but also said the figure may drop if the US moves to "less expensive munitions."
Casualties have swiftly stacked up, with over 1,300 Iranians slaughtered—including around 175, mostly children, killed in an apparent US bombing of a girls' school—according to Iran's government. The Lebanese prime minister's office said that Israel's related bombing of Lebanon has killed 570 people and wounded 1,444.
Iran has retaliated with drone and missile attacks on Gulf nations and US military bases in the region. The Pentagon confirmed that seven US service members are dead and around 140 have been injured. Additionally, The New York Times reported Tuesday that "at least 12 civilians have been killed in attacks across the Emirates, Saudi Arabia, Kuwait, Qatar, Oman, and Bahrain."
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