Robert Pape on the Iran war's economic toll on young Americans
The Iran war is shaping up to be the most damaging US conflict in decades, and the pain will hit young Americans hardest through jobs, college costs, and gas prices.
- The war is costing $1-2 billion a day, and Iran has locked down the Strait of Hormuz, which carries 20% of the world's oil and gas.
- Iran's goal is not to win militarily but to wreck Trump politically by tanking the US and global economy, so it will keep the chokehold going for months.
- Gas could hit $5-6 by July, unemployment could climb past 7%, and a recession looks likely by fall, just as colleges cut scholarships and AI shrinks entry-level jobs.
- The US bombing did not topple Iran's regime. It made it stronger, brought in a harder military leader, and Iran is still 6-9 months from a nuclear weapon.
- Trump's "Project Freedom" plan to run the blockade failed within 24 hours after Iran fired near US destroyers and hit a UAE oil facility.
- Pape warns the midterms and 2028 election will be the most dangerous in living memory, as economic pain stacks on top of five years of rising political violence.
Outlook: Expect higher gas prices, rising unemployment, and a long-running standoff with Iran that strains the US economy and politics deep into next year.