---
title: "Economist warns Iran war leaves lasting economic damage"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/287976500.md"
description: "Economist Justin Wolfers warns that Trump's Iran war has caused lasting economic damage, with oil prices expected to remain high and household costs increasing. Inflation reached 3.8% in April, the highest in three years, while consumer sentiment has dropped significantly. Additionally, Trump's declining economic approval ratings could jeopardize GOP prospects in the upcoming midterms."
datetime: "2026-05-28T21:53:07.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/287976500.md)
  - [en](https://longbridge.com/en/news/287976500.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/287976500.md)
generator: "portal-rs"
---

# Economist warns Iran war leaves lasting economic damage

War’s economic crater: Justin Wolfers says Trump’s Iran war has caused lasting damage, with oil prices projected to stay high for years and household costs rising sharply. Inflation hits record: Prices rose 3.8% in April, the highest in three years, as wages lagged and consumer sentiment plunged to historic lows. Political stakes rising: Falling economic approval ratings for Trump threaten GOP prospects in the midterms, with some polls showing record-low support.

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- [Oil jumps more than 2% after US attack on Iran's Larak island](https://longbridge.com/en/news/297436655.md)
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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**