The ongoing war with Iran is draining US money and weapons stockpiles while Americans pay higher gas prices, and the longer it continues the worse it could get for the economy.

• The Iran war has already cost close to $50 billion, with most of that spent on missiles and missile interceptors, and that total doesn't even include the damaged US bases in the region.
• The US is running dangerously low on missile interceptors, forcing the military to pull a Patriot missile system out of Texas and send it to Israel instead.
• Iran has threatened to strike oil and gas facilities, undersea internet cables, airports, and even US bases in Europe if the fighting resumes, which could hit energy markets and data centers hard.
• Higher gas and food prices are already showing up, and some Trump supporters are now openly admitting the war is driving inflation.
• Gulf nations are pushing to cool tensions since they have the most to lose economically if Iran retaliates further.

Outlook: If the war restarts after the midterms as reported, expect gas and food prices to climb further and global energy markets to stay on edge.