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Trump's Renewed Assault on Iran Means More Pain Incoming for Working Families, Experts Warn
"Families shouldn’t be paying the price for Trump’s reckless decisions," said US Rep. Zoe Lofgren.
Jul 14, 2026
President Donald Trump's decision to restart his illegal war with Iran has sent oil prices back upward, and experts are warning that means more economic pain for working families in the coming months.
The price of Brent crude, which had fallen under $71 per barrel in late June after the US and Iran reached a memorandum of understanding (MOU) to wind down the conflict, has since surged back above $85 per barrel as of Tuesday, days after Trump declared the ceasefire between the two countries to be over.
Rising oil costs mean that the price of gasoline, which has similarly been dropping over the last month, will again start to rise. Petroleum industry analyst Patrick De Haan on Tuesday projected that, based on the current surge in oil prices, the US is "days away" from seeing the average price of gas go back over $4 per gallon.
The renewed hostilities with Iran came amid signs of inflationary pressures in the US easing. Data released by the Bureau of Labor Statistics (BLS) on Tuesday showed consumer prices in June rose by less than expected, with lower energy prices delivering relief.
University of Michigan economist Justin Wolfers argued that while Tuesday's inflation data was positive news, the recent fighting between the US and Iran means it could be short-lived.
"Inflation remains high, is well above the Fed's target, and the ceasefire with Iran is over," Wolfers cautioned, referring to the Federal Reserve.
Alex Jacquez, chief of policy and advocacy at the Groundwork Collaborative, said the resumption of the illegal war would "continue hammering Americans’ budgets at home."
"Gas prices have already started to rise again and last month’s inflation data is stale," said Jacquez. "Trump’s debacle in the Middle East will have lasting, layered effects on our economy for months to come. Working families struggling to make ends meet should lay blame squarely on the president."
Heather Long, chief economist at Navy Federal Credit Union, said the latest consumer price data show "it's still tough for middle-class and moderate-income Americans," as "inflation is wiping out wage gains for many."
More ominously, Long added, "The question is whether this relief is only temporary as the war in Iran restarts."
Project management professional Larry Boorstein warned Trump against spiking the football over the relatively tame inflation data from last month.
"Prices are down because oil prices dropped after the US-Iran MOU," Boorstein wrote. "Prices for food, both at home and away from home, increased, as did prices for shelter. Energy prices fell enough to more than offset increases in food and shelter prices. What's not so good is Trump declared the MOU dead July 8. Oil prices are ticking up again."
Rep. Zoe Lofgren (D-Calif.) put the economic damage caused by the Iran war into perspective by noting that it has cost US consumers over $56 billion so far in the form of higher gas prices, or just under $500 per household.
"Families shouldn’t be paying the price for Trump’s reckless decisions," wrote Lofgren.
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Jobs Report Offers 'Grim Warning Signs' for Cash-Strapped Working Families Under Trump
"Working Americans increasingly report that their paychecks can't keep up with Trump's high prices, but are not confident they’ll be able to find better opportunities," noted one Groundwork Collaborative expert.
Jul 02, 2026
As President Donald Trump's team on Thursday tried to paint the June jobs report as positive, economists and congressional Democrats called it "weak" and "disappointing," with some also ripping the Republican administration's harmful policies, from sweeping tariffs and the Iran War to the mass detention and deportation of immigrants.
The nation's economy added just 57,000 jobs in June, or roughly half of what economists had anticipated, according to the latest monthly report from the US Bureau of Labor Statistics. BLS noted that "both the unemployment rate, at 4.2%, and the number of unemployed people, at 7.1 million, changed little in June."
The Department of Labor (DOL) agency also revised job gains down for May by 43,000 and April by 31,000, and said that "over the year, average hourly earnings have increased by 3.5%." That's notably lower than the 4.2% annual inflation rate detailed by BLS a few weeks ago, as Americans struggle to afford groceries, housing, and other basic necessities during Trump's second term.
"Today's weak jobs numbers are grim warning signs of a struggling labor market," Alex Jacquez, a former Obama administration official who is now Groundwork Collaborative's chief of policy and advocacy, said in a statement.
"Job gains reflect temporary seasonal hires and other workers separated from the broader economy while the majority of the labor force is frozen," he explained. "Working Americans increasingly report that their paychecks can't keep up with Trump's high prices, but are not confident they'll be able to find better opportunities. They're instead focused on trying to keep up with the president's price hikes."
Angela Hanks, a former DOL senior official who's now chief of policy programs at The Century Foundation, similarly called the report "yet more evidence of a fragile economy under President Trump, with job growth coming in well below expectations and sizable downward revisions to the last two months."
"While the unemployment rate dipped slightly to 4.2%, this number only tells us how many people are working—it doesn't tell you whether people can afford to live," she stressed. "The reality behind today's jobs numbers is that the cost of living continues to outpace paychecks: 43% of Americans now say they're worse off financially than they were a year ago, and year-over-year wage growth came in at 3.5%, below overall inflation of 4.2%—meaning that real wages are falling."
"Looking beyond the topline numbers, more than half of all June job growth was concentrated in healthcare and social assistance, continuing a trend of these sectors propping up much of our economy," she pointed out. "The labor force participation rate declined sharply and widely, with nearly every demographic group seeing declines, which partially explains the drop in the unemployment rate. Moreover, certain racial and age disparities actually worsened: Black youth unemployment rate rose to a whopping 26.8%, as did Hispanic youth unemployment, coming in at 20.1%—a reminder that this economy is not delivering for workers who are struggling the most."
Hanks added that “while Trump will surely tout this moderate job growth as a win, not long ago numbers like today's would have prompted serious concern. But families aren't grading Trump on a curve: They feel the impacts of this administration's chaotic and costly economic policies every day. Until working people can actually afford their lives—groceries, housing, healthcare, childcare—claims of a 'strong economy' will continue to ring hollow."
In line with Hanks' prediction, Trump's messengers attempted to frame the figures positively, with his press secretary, Karoline Leavitt, celebrating the declining foreign-born labor force amid the administration's deadly crackdown on immigrants, and her deputy, Kush Desai, claiming the report "reinforces that the American labor market remains solid."
Acting Secretary of Labor Keith Sonderling—whom the president earlier this week nominated for the permanent post—said that "Trump's America first agenda continues to provide greater wages for workers and certainty to the sectors which will fuel the next 250 years of US economic security."
Meanwhile, with the midterm elections just four months away, the Democratic National Committee's rapid response director, Kendall Witmer, declared that "Donald Trump's failed economic agenda has driven working families into a corner as Americans worry about how to find a job and keep up with sky-high prices. The reality for working families is undeniable: Trump has wrecked the economy, leaving millions wondering how they will make ends meet with no relief in sight."
"But Trump doesn't give a shit—he's only focused on building his vanity projects and using the power of the presidency to get even richer," added Witmer, just two days after the president's annual financial disclosures revealed that he pocketed an unprecedented $2.2 billion—over half of it from his family’s cryptocurrency grift—during his first year back in the Oval Office.
Congressman Ted Lieu (D-Calif.) took to social media over "another disappointing jobs report" and also called out GOP priorities, from erecting a giant arch in Trump's honor to putting his name on various items, including passports and the $250 bill.
As Lieu concluded, "November is coming."
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Thanks to Trump Economy, ‘Dads Are In for Disappointment This Father’s Day’
"While dads across the country should be able to relax and enjoy the day with loved ones, they’re instead forced to worry about how they’ll make ends meet in Trump’s economy."
Jun 19, 2026
A report published Friday reveals how President Donald Trump's policies have jacked up prices for a host of potential Father's Day gifts this year.
Overall, the analysis by Groundwork Collaborative, a progressive economic think tank and advocacy group, finds that prices for popular Father's Day gifts have risen by nearly 19% on average over the last year, highlighted by a 30% increase in the price of Remington electric shavers, a 16% jump for Blackstone electric griddles, and a barbecue tools up by 11%.
The analysis traces price increases of popular personal care products to Trump's global trade war, which he began last year with his "Liberation Day" tariffs levied on practically every nation in the world.
"Many shavers and trimmers are imported from China, which has faced multiple layers of tariffs," notes the report, "in addition to containing steel and aluminum components, which are also subject to additional tariffs."
The report also points out that electric shaver manufacturer Braun "increased the price of its Series 9 All-in-One Beard Trimmer by $50" last year after Trump's big tariff announcement, and that the price has since gone up by another $10.
Examining the increase in grilling product prices, the report pins the blame not only on Trump's tariffs, but also his illegal war of choice with Iran.
"The Middle East is a major producer of the petrochemical used to make plastics and synthetic fibers," the report explains. "Trump’s reckless war on Iran has increased the price of these petroleum-derived products, helping drive up the cost of items like grilling tools, which cost nearly 22% more this year."
Elizabeth Pancotti, managing director of policy and advocacy at Groundwork Collaborative, summarized the report's findings by warning that "Dads are in for disappointment this Father’s Day" thanks to Trump's economic policies.
"While dads across the country should be able to relax and enjoy the day with loved ones," Pancotti added, "they’re instead forced to worry about how they’ll make ends meet in Trump’s economy."
Trump's tariffs and the Iran war have sent inflation in the US to its highest levels in three years. As data released by the US Bureau of Labor Statistics (BLS) last week showed, overall prices in May posted a yearly increase of 4.2%, highlighted by a 23.5% yearly increase in energy prices.
Heather Long, chief economist at Navy Federal Credit Union, said last week that inflation has now grown “so high that it’s erasing all wage gains" being made by American workers.
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