US war in Iran

A national survey by Marquette University Law School found inflation and cost of living are the top concerns for Americans, with declining public approval of President Donald Trump's economic handling and tariffs. The U.S. war in Iran and rising gas prices contributed to economic pessimism, while a coalition of 25 Democratic-led states sued the Trump administration over tariffs. Over 70% of respondents reported higher grocery costs, and 69% expect inflation to rise next year.

Today’s 30-year mortgage purchase rate dropped to 6.91%, slightly lower than 6.93% the previous day. Rates remain elevated due to inflation linked to the U.S. war in Iran and persistent energy price pressures. Experts predict rates will stay above 6% for 30-year loans in the near term, with the Federal Reserve likely to raise rates further if inflation remains above its 2% target.

The US war in Iran has cost $37.5 billion according to Pentagon chief Pete Hegseth, who is seeking urgent funding amid skepticism from lawmakers. The conflict is described as unpopular, with Democrats gaining momentum in public opinion ahead of midterm elections.

Mortgage rates increased on July 21, 2026, with 30-year purchase rates at 6.742% and refinancing rates at 6.874%. Rising oil prices linked to the U.S. war in Iran and persistent inflation are driving higher interest rates. The Federal Reserve's hawkish policy outlook and stable labor data further support elevated rates, with experts predicting they will remain above 6% for the 30-year term in the near future.

Third Way and Impact Research found Democrats are struggling to gain an edge over Republicans on foreign policy, despite voter dissatisfaction with Trump's Iran war. The survey revealed 53% of voters believe the US war in Iran makes the country less safe, with Republicans maintaining slim advantages in US-China, US-Israel relations, and national security.

Oil prices increased from a six-week low due to uncertainty surrounding a potential peace deal to end the US war in Iran and reopen the Strait of Hormuz. The report is from Bloomberg's Anthony di Paola.

The U.S. Space Force chief, Gen. Chance Saltzman, emphasized the critical role of space combat in the success of the U.S. war in Iran during a speech at the Space Foundation's symposium. The event took place in Colorado Springs, Colorado on April 15, 2026.