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Fact Sheet: Costs of Iran War

americanprogress.org 23 August 2026 at 22:55 View original article →

The original link is the material being checked. It may contain false or misleading claims — we link for transparency, not endorsement.

78/100
Verdict Mixed Largely Reliable — Advocacy Source with Verifiable Quantitative Core

The artefact is the Center for American Progress (CAP) fact sheet 'Costs of Iran War' (americanprogress.org/article/fact-sheet-costs-of-iran-war/), published on or about 20 August 2026, assessed here against sources current to 23 August 2026.

✓ 21 checks out ✕ 3 disputed ? 11 unverified
☰ Full analysis The complete summary ⌄

The artefact is the Center for American Progress (CAP) fact sheet 'Costs of Iran War' (americanprogress.org/article/fact-sheet-costs-of-iran-war/), published on or about 20 August 2026, assessed here against sources current to 23 August 2026. Its quantitative spine is unusually well-sourced and independently verifiable: the 216-214 House budget-resolution vote of 22 July 2026 containing $73bn for the Iran war, Secretary Hegseth's $37.5bn cost estimate given at the 21 July Senate hearing, the CSIS Cancian/Park estimate of roughly $40bn ($34bn-$42bn), the July 2026 CPI print of 3.4 per cent year on year against 2.4 per cent in February 2026, the 5.1 per cent annual rise in the fruits and vegetables index, the 18 US service members killed, the 156 deaths including 120 children at the Minab school, the 60-day US-Iran Memorandum of Understanding signed 17 June and expired 17 August, and Energy Secretary Chris Wright's April remark on sub-$3 petrol all check out against primary or high-quality secondary sources. Three material weaknesses pull the score down. First, one geopolitical framing claim is actively contested: CAP asserts Iran 'continues to retain control over the Strait of Hormuz', whereas CNN reported on 18 August 2026 that Iran had lost significant control, Trump has publicly claimed the opposite of Tehran's position, and Iran's own officials assert control — a live dispute the fact sheet presents as settled. Second, the casualty figure is materially stale: CAP cites 624 wounded 'as of August 4', but Pentagon DCAS data reported by The Washington Post on 21 August 2026 put the figure at 756 wounded (774 total casualties) — a discrepancy that, notably, understates rather than inflates the article's own thesis. Third, the interest-rate cost breakdown ($4.6bn households, $12.7bn businesses, $30.8bn government) is CAP's own June 2026 modelling recycled without attribution as though independent, and the Brown University tracker's $87bn/$660-per-household figure cannot be independently confirmed because it is a live-updating dashboard, with a comparable ITEP tabulation giving a notably lower $585.09 per household as of 20 August 2026. Presentationally, the piece is a partisan advocacy product: measured in tone and low in emotive intensity (emotion_score 0.10), but selective in framing ('war of choice', 'quagmire', 'obfuscation'), one-directional in causal attribution, and silent on confounders such as tariffs, which NBC News explicitly identified alongside the war as a driver of price rises. Verdict: the numbers are trustworthy and traceable; the interpretive frame is advocacy and should be read as such.

What checked out (21)
  • House vote of 22 July 2026: the fiscal 2027 budget resolution passed 216-214, with Republicans Thomas Massie and Warren Davidson plus independent Kevin Kiley joining all Democrats in opposition; instructions allow up to $73bn in defence and intelligence funding for the Iran war. Confirmed by Roll Call, Axios, PBS NewsHour, NPR and the Texas Tribune (all 22-23 July 2026).
  • Secretary of Defense Pete Hegseth estimated the war's cost at $37.5bn during a July 2026 Senate hearing. Confirmed by Stars and Stripes (21 July 2026), The Washington Post and CBS News (22 July 2026). CAP's characterisation of it as a briefing to the Senate Appropriations Committee is consistent with these reports of a Senate hearing defending the supplemental funding request.
  • CSIS placed total war costs at 'around $40 billion ($34 billion to $42 billion)', authored by Mark F. Cancian and Chris H. Park, in the report 'The War May Be Ending. What Did Epic Fury Cost?' The underlying PDF is dated 24 June 2026, closely matching CAP's 'as of June 23' framing; JNS reported the $40bn figure on 24 June 2026.
  • Estimates that the war could reach $100bn exist: NBC News reported on 15 July 2026 that the Iran war cost 'could be as much as $100 billion'.
  • Eighteen US service members have been killed in the war. Confirmed by TIME (July 2026), The Hill (late July 2026, citing DCAS data) and The Washington Post (21 August 2026).
  • The figure of 624 wounded was accurate as a point-in-time DCAS reading: The Hill reported 18 killed and 624 wounded in late July 2026, consistent with CAP's 'as of August 4'.
  • The Pentagon has changed how it categorises Iran war casualties, tying a new category to the end of Operation Epic Fury and thereby not attributing post-ceasefire casualties to the war. Confirmed by The Hill, CNN (26 July 2026), ABC News and The Intercept (4 August 2026).
  • A 60-day US-Iran ceasefire memorandum was signed in mid-June 2026 (17 June, the Islamabad Memorandum, brokered by Pakistan) and expired on 17 August 2026 with no durable agreement. Confirmed by Al Jazeera (17-18 August 2026), The Jerusalem Post, Scripps News and the Washington Examiner.
  • The war began on 28 February 2026, making 'six months into' the war accurate as at the article's publication. Confirmed by Brown University's Costs of War/Climate Solutions Lab tracker documentation and Al Jazeera.
  • US inflation was 3.4 per cent year on year in July 2026, against 2.4 per cent in February 2026 before the war. Confirmed by the primary source, BLS (bls.gov/news.release/cpi.nr0.htm and the TED release), plus CNBC for both months.
  • The fruits and vegetables index rose 5.1 per cent over the twelve months to July 2026. Confirmed verbatim in the BLS CPI news release.
  • Energy Secretary Chris Wright said in April 2026 that petrol falling below $3 might not happen until next year. Confirmed by CNBC, Axios, Bloomberg and E&E News/POLITICO (19-20 April 2026).
  • The pre-war national average for regular petrol was $2.98. Confirmed by AAA Oregon, which records $2.98 as the national average on 28 February 2026, the day strikes began; CAP's 27 February reference point is the immediately preceding day.
  • AAA's national average reached $4.09 in late July 2026 and remained in the $4.05-$4.10 band through mid-to-late August 2026 (AAA newsroom, 23 July and 6 August 2026; AAA live national average readings of $4.0656-$4.0986). The stated 37 per cent petrol increase is arithmetically consistent with $4.09 against $2.98.
  • Diesel is approximately 45 per cent above pre-war levels: AAA's national diesel average was $5.468 in mid-August 2026 per FleetOwner (18 August 2026), consistent with the stated increase.
  • The 30-year Treasury yield hit a 19-year high on 18 August 2026 — 'the highest ... in nearly two decades' as CAP puts it. CNBC reported the yield topping 5.33 per cent intraday before trading at 5.285 per cent; CAP's 5.32 per cent sits within the day's range. Corroborated by Quartz and The Fiscal Times.
  • The Minab school strike killed 156 people including 120 children. Confirmed by Amnesty International (March and June 2026) and Al Jazeera (23 April 2026), which reports the Minab general prosecutor's final tally of 156, revised down from 168, including 120 students (73 boys, 47 girls), 26 teachers, seven parents, a bus driver and a clinic technician.
  • Iranian-aligned Houthi forces have conducted deadly attacks on shipping in the Bab el-Mandeb Strait. Confirmed by Al Jazeera, France 24, NBC News and CNBC (11-12 August 2026) reporting at least six killed aboard the Egyptian-owned Tihamah, the first shipping deaths linked to the Houthis since the war began.
  • US missile defence assets were redeployed from South Korea to the Middle East, over Seoul's objections. Confirmed by CNBC (10-11 March 2026), Arms Control Association, Army Recognition and Defence Blog.
  • Mark Zandi, chief economist at Moody's Analytics, estimated the war was costing the average household more than $1,200. Confirmed by NBC News (July 2026), which also cites his $360 petrol component; earlier Zandi estimates of $750 (Fortune, 2 June 2026) and roughly $1,000 (CBS News, 30 June 2026) show a consistent escalating series.
  • The Trump administration issued and extended waivers easing sanctions on Russian oil during the Iran war in order to calm energy markets. Confirmed by The Moscow Times (18 April 2026), The Hill (21 April and 18 May 2026) and Fortune (16 May 2026).
✕ Disputed claims 3 claims ⌄
  • DISPUTED: 'Iran continues to retain control over the Strait of Hormuz.' This is actively contested as at 18-23 August 2026. CNN Business reported on 18 August 2026 that Iran has lost significant control of the Strait; Al Jazeera reported on 13 August that Iran's Basij commander asserted the Strait is 'under Iran's control and management' the day after Trump publicly claimed otherwise; and CSIS in late June 2026 described the Strait as open. CAP presents a genuinely disputed and rapidly changing situation as established fact. Per the guardrails this is NOT marked False — but it is the article's least defensible factual assertion and the one most likely to mislead.
  • MATERIALLY OUTDATED (not false): 'at least another 624 have been wounded ... as of August 4'. The Washington Post reported on 21 August 2026, citing Pentagon data, that 774 service members had been killed or wounded, comprising 18 killed and 756 wounded. For a fact sheet published around 20 August using 19 August petrol data, retaining a 4 August casualty figure is an internal currency inconsistency of roughly 21 per cent. The figure was accurate on its stated date, so it is not adjudicated False.
  • CONTESTED FRAMING (not false): the article attributes petrol, grocery, inflation and borrowing-cost increases monocausally to the war. NBC News, the very source underpinning the $1,200 Zandi figure, attributes the price pressure to the war AND Trump's global tariff agenda jointly. Omitting the tariff confounder while citing the source that names it is a selective-attribution problem, not a factual falsehood.
? Unverified claims 11 claims ⌄
  • 'As of August 19, Americans had paid $87 billion in extra costs for gas and diesel ... more than $660 per household' — not independently confirmable. The Brown University Iran War Energy Cost Tracker (iranwarcost.watson.brown.edu) is a live daily-updating dashboard with no archived 19 August value retrievable; documented waypoints are roughly $20bn/$150 per household in mid-April and over $40bn/$300 per household in May. The $87bn and $660 figures are internally consistent with each other (roughly 132 million households), but a comparable independent tabulation by ITEP gives $585.09 per household as of 20 August 2026, a material divergence. Status: Unverified, plausible, with a competing lower estimate on record.
  • 'Russia ... earned an additional $2.3 billion in May alone' — the direction is well supported (Reuters reported Iran-war-driven oil and gas revenue gains of about 39 per cent in May 2026; Bruegel, 8 July 2026, published month-by-month Russian budget oil revenue data; Bloomberg reported a June budget surplus on the oil rally), but the specific $2.3bn incremental figure could not be traced to any named source. Bruegel's figures also show May revenues declining month-on-month in rouble terms, complicating the claim. Status: Unverified as to the precise figure.
  • 'The Trump administration's suspension of oil sanctions on Russia' framed in the present tense — reporting indicates the waiver was extended in April, then allowed to lapse around 16 May 2026 (Fortune), before further extension activity reported by The Hill on 18 May. The present-tense framing of an ongoing suspension as at 20 August 2026 is not confirmed. Status: Unverified / possibly outdated framing.
  • 'Food prices also increased 0.1 percent in July, the fourth consecutive monthly rise' — the July 2026 national CPI release confirms overall CPI +0.1 per cent for the month and food +3.0 per cent year on year, but the specific monthly national food-index change and the 'fourth consecutive' streak could not be confirmed from the retrieved BLS text; notably the same release records the fruits and vegetables index falling 0.1 per cent over the month. Status: Unverified as stated.
  • The attribution of fruit and vegetable price rises specifically to 'energy and transportation costs ... following disruption to oil and gas supplies in the Middle East' — a causal inference presented without a cited analytical source. Directionally plausible given the 14.7 per cent annual energy index rise reported by BLS, but the attribution itself is unverified.
  • 'Due to higher interest rates, households will spend an estimated additional $4.6 billion, nonfinancial businesses will spend $12.7 billion, and the government will pay $30.8 billion more this year' — these sum to approximately $48.1bn and match CAP's own press release of 23 June 2026, 'Trump's Iran War Has Increased Borrowing Costs by More Than $48 Billion This Year Alone'. This is self-citation presented without flagging, and rests on a June counterfactual model. Status: Unverified by any independent source.
  • '13 states ... had regular gas prices above $4.30 per gallon' and the listed 16 states with 45 per cent-plus increases as of 19 August — state-level AAA snapshots for that specific date are not retrievable. Contextual data are broadly consistent (California $5.64 and Indiana $3.57 on 5 August per ChooseEnergy; AAA noting on 6 August that half of states were below $4). Status: Unverified in detail, contextually plausible.
  • 'China has successfully exploited the conflict to recast itself as a responsible international actor' and 'strengthened its negotiating position' — an interpretive geopolitical judgement. It is echoed by Foreign Affairs (24 June 2026), Brookings (8 June 2026) and East Asia Forum (1 July 2026), but it is analysis rather than fact and is not falsifiable in the terms stated. Status: Unverified (interpretive).
  • 'Six months into what he claimed would be a swift military operation' — partially supported by contemporaneous reporting that Trump said the war could be short (All India Radio, 10 March 2026) and would wrap up 'very shortly' (CBS News, 1 April 2026), but the specific promise of a 'swift military operation' at the outset is not directly evidenced. Status: Substantially supported in substance, unverified as a precise characterisation.
  • 'Emboldened Tehran', 'eroded the professionalism and legitimacy critical to American military power', 'reduced American influence' over Gulf partners — normative and analytical assessments that are not amenable to factual verification.
  • The reliability of all embedded hyperlinks cannot be assessed: every anchor URL was stripped from the ingested text, leaving dangling link markers such as '[claimed](' throughout. The live CAP page carries functional links, but the artefact as supplied is not self-verifying.
⌕ Sources & how we checked Search journal, source grades, confidence ⌄
Confidence

High — Confidence is high (approximately 88 per cent) for three reasons. First, coverage: 21 of 31 extracted claims were verified against dated sources, and the highest-weight claims were confirmed against primary sources — BLS for all inflation figures, AAA for all fuel prices, Roll Call and four independent outlets for the congressional vote, CSIS's own PDF for the cost range, Amnesty International and Al Jazeera for the Minab toll, and Pentagon DCAS data via The Washington Post for casualties. Second, convergence: independent outlets across the ideological spectrum (NPR, Axios, PBS, Roll Call, Texas Tribune; CNBC, Bloomberg, Fox Business; Foreign Affairs, Brookings, Cato, AEI) corroborated the same underlying facts, and the artefact's own numbers were in several cases conservative relative to the wider evidence base. Third, the artefact is contemporaneous — published roughly three days before this assessment — so verification sources are near-simultaneous rather than retrospective, and the fast-changing-role guardrail was discharged by confirming every named office-holder in dated August 2026 reporting. Confidence is nonetheless held below 'Very High' by four specific residual uncertainties: the Brown tracker's $87bn/$660 figures are structurally unauditable and diverge from ITEP's competing $585.09 estimate; the Russian $2.3bn May revenue figure could not be traced to any source; the state-level petrol lists could not be checked item by item; and the Strait of Hormuz situation is contested and volatile enough that its status could reverse within days of writing. The trust score of 78 reflects a document whose empirical foundations are sound and traceable, discounted for one-sided framing, monocausal attribution that omits a confounder named in its own source, undisclosed self-citation, and internally inconsistent data currency — none of which rises to factual falsehood.

Search journal

US Iran war 2026 ceasefire status / US Iran war ceasefire August 2026

Mark Zandi Moody's Iran war cost $1,200 per household

2026 Iran war ceasefire 60-day June expired

US service members killed wounded Iran war 2026 Pentagon casualties

Hegseth $37.5 billion Iran war cost Senate Appropriations July 2026

CSIS cost estimate Iran war $34 billion $42 billion / CSIS Cancian Epic Fury total cost June 2026

Brown University Iran War Energy Cost Tracker $87 billion gas diesel

House vote budget resolution July 22 2026 $73 billion Iran war 216-214

AAA national average gas price August 19 2026 $4.09

CPI July 2026 consumer prices 3.4 percent annual inflation Labor Department

inflation rate February 2026 2.4 percent CPI before Iran war

fruit and vegetable prices up 5.1 percent July 2026 food index

30-year Treasury yield 5.32 percent August 18 2026

Minab strike killed 156 schoolchildren Iran US airstrike

Trump administration suspends oil sanctions Russia 2026 $2.3 billion May

Houthi attacks shipping Bab el-Mandeb August 2026

US missile defense batteries moved from South Korea to Middle East 2026 Patriot THAAD

Iran control Strait of Hormuz August 2026 reopened shipping

Chris Wright energy secretary gas below $3 next year April 2026

Iran war total cost could reach $100 billion estimate analysts

gas prices February 27 2026 national average $2.98 before Iran war

diesel prices 45 percent higher than before Iran war August 2026

state gas prices above $4.30 August 2026 highest percentage increase

higher interest rates cost households $4.6 billion businesses $12.7 billion government $30.8 billion Iran war

China diplomacy Iran war 2026 responsible power gains influence

Trump swift operation Iran promised short war quote February 2026

US Iran memorandum of understanding 60-day ceasefire signed June 2026

624 US troops wounded Iran war August 4 2026 Pentagon

Washington Post more than 750 US service members wounded Iran war August 21 2026

Center for American Progress cost of Trump's Iran war per household (artefact identification)

Article metrics

Emotion 10% · Reading grade 15.0 · 1558 words

≡ The article we checked Full text as retrieved ⌄
##### Media Contact ##### Government Affairs ##### Download Gas and diesel prices are displayed at a Chevron gas station on August 14, 2026, in Fort Stockton, Texas. (Getty/Brandon Bell) ##### See also * * * ### State of play Six months into what he [claimed]( would be a swift military operation, President Donald Trump’s war of choice in Iran has become a quagmire. Despite having signed a [60-day ceasefire]( agreement in mid-June, the war only [escalated in recent weeks]( the [United States and Iran]( have continued to launch [strikes]( and the Iranian-aligned Houthi forces have opened a new front with [deadly attacks]( on shipping vessels in the Bab-el Mandeb Strait. The war continues to impose severe costs on American households, the U.S. military, the global economy, Middle East partners and civilians in the region, and America’s reputation in the world. Iran continues to retain control over the Strait of Hormuz, promising [elevated energy prices]( for months to come. As the June ceasefire agreement has expired, the Trump administration has failed to make progress on any durable ceasefire agreement, in large part because the war has been [a resounding disaster]( for the United States, giving Iran the upper hand in negotiations. ### **Stay informed** on National Security and International Policy This field is hidden when viewing the form C3 General This field is hidden when viewing the form C3 Events This field is hidden when viewing the form C3 Fundraising This field is hidden when viewing the form C3 Cultivation This field is hidden when viewing the form C3 InProgress This field is hidden when viewing the form C3 Digital Contact This field is hidden when viewing the form utm_source This field is hidden when viewing the form utm_medium This field is hidden when viewing the form utm_campaign This field is hidden when viewing the form utm_content This field is hidden when viewing the form utm_term This field is hidden when viewing the form en_txn1 This field is hidden when viewing the form en_txn2 This field is hidden when viewing the form en_txn3 This field is hidden when viewing the form en_txn4 This field is hidden when viewing the form en_txn5 This field is hidden when viewing the form en_txn6 This field is hidden when viewing the form en_txn7 This field is hidden when viewing the form en_txn8 This field is hidden when viewing the form en_txn9 This field is hidden when viewing the form en_txn10 This field is hidden when viewing the form extra_note This field is hidden when viewing the form Opt-in ID CAPTCHA The Trump administration’s obfuscation of [expenditures]( battlefield assessments, [casualty counts]( and other updates on the war makes estimating a precise total of the costs impossible. Acknowledging these constraints, the information below represents CAP’s best effort to assess the full toll of President Trump’s war in Iran on the United States and American interests. Accounting for costs due to war spending and higher prices for groceries, energy, and other related increases, the war has cost [at least $1,200 per household]( according to economist [Mark Zandi]( And, as long as the Trump administration continues its war of choice, American families will continue to bear the costs. ### Costs of the Iran war ##### Defense costs * Eighteen [American service members]( have been killed and [at least another 624]( have been wounded in the war as of August 4. The Pentagon has [failed]( to provide regular updates on casualties, and it has not attributed casualties after the mid-June ceasefire agreement to the war. * The Pentagon has neither provided adequate estimates of the costs of operations to date nor has provided enough clarity and detail around the nature of operations to allow for precise independent accounting. In a [July briefing]( to the Senate Appropriations Committee, Secretary of Defense Pete Hegseth estimated the cost of the war to be $37.5 billion. Reliable, independent estimates from the Center for Strategic and International Studies placed the total costs at between [$34 billion and $42 billion]( as of June 23, accounting for the costs of personnel deployments, munitions, equipment loss and damage, fuel, security, and other costs. Other estimates, which assume a broader range of costs and higher burn rate for munitions, suggest the cost of Operation Epic Fury [could have reached]( $100 billion]( * The Trump administration has sought additional funding to continue the war. On July 22, the House of Representatives voted 216-214, on mostly party lines, to advance a [budget resolution]( that would include an [additional $73 billion]( in funding for the Iran war. ##### Domestic economic costs * Prices for fuel remain higher than before the Trump administration’s attacks on Iran. As of August 19, Americans had paid $87 billion in extra costs for gas and diesel since the Iran war began, according to the Brown University [Iran War Energy Cost Tracker]( That amounts to more than $660 per household in higher costs. TABLE 1 * According to Mark Zandi, the chief economist at Moody’s Analytics, as of late July, the costs of the war across [military spending]( higher interest rates, and higher costs for gas, groceries, and other transportation amounted to [more than $1,200]( per household. Gas and diesel prices are about 37 percent and 45 percent higher, respectively, than before the war. The national average price for regular gasoline was $4.09 per gallon as of August 19, compared with $2.98 on February 27, according to [AAA]( * As of August 19, 13 states (Wyoming, Montana, Illinois, Utah, Colorado, Arizona, Idaho, Oregon, Nevada, Alaska, Washington, Hawaii, and California) had [regular gas prices]( above $4.30 per gallon. The states with the highest percentage increases (45 percent or more) relative to prices before the war were Missouri, Wisconsin, Nebraska, New Mexico, Ohio, Minnesota, South Dakota, Idaho, Kansas, North Dakota, Colorado, Oklahoma, Montana, Iowa, Utah, and Wyoming. * With oil prices increasing in response to rising tensions, gas prices are [going up]( and [unlikely to come down]( anytime soon. Even back in April, Secretary of Energy [Chris Wright]( said that gas falling back below $3 “might not happen until next year.” FIGURE 1 * The annual inflation rate remains [above]( the Federal Reserve’s target. According to data from the Labor Department, consumer prices increased 3.4 percent in July from a year ago, a full percentage point more than the annual rate of inflation (2.4 percent) [before]( Trump began his war with Iran. * Food prices also [increased]( 0.1 percent in July, the fourth consecutive monthly rise. Fruit and vegetable prices [have risen]( 5.1 percent year over year, in part driven by an increase in [energy and transportation costs]( following disruption to oil and gas supplies in the Middle East. * The 30-year Treasury yield [jumped]( to 5.32 percent on August 18, the highest cost of borrowing for the U.S. government in nearly two decades as Trump’s war with Iran showed little sign of a resolution and investors feared persistent inflation. The rise in borrowing costs threatens to increase mortgage rates and credit card rates for Americans, since long-term bond yields help [set]( interest payments for various consumer loans. * Due to [higher interest rates]( households will spend an estimated additional $4.6 billion, nonfinancial businesses will spend $12.7 billion, and the government will pay $30.8 billion more this year. ##### Geopolitical costs * China has successfully exploited the conflict to [recast itself as a responsible international actor]( itself favorably with the Trump administration’s unilateralism and militarism—and strengthened its negotiating position with the United States. * The Trump administration’s [suspension of oil sanctions on Russia]( in an attempt to stabilize the oil market has resulted in an economic boon for Russia, which earned an additional [$2.3 billion]( in May alone. * The redeployment of critical U.S. military assets, especially [missile defense batteries in South Korea]( and [consumption of munitions]( needed by Ukraine have weakened allied security and raised questions about U.S. reliability. * Iran’s ability to survive the combined U.S.-Israeli effort to overthrow the regime has [emboldened Tehran]( weakening U.S. deterrence and encouraging Iran to adhere to maximalist positions on control of the Strait of Hormuz and its nuclear program. * The Trump administration’s conduct during the Iran war—with strikes on civilians and [civilian infrastructure]( (such as the one that killed [156 people including 120 schoolchildren]( in Minab), and [rhetoric]( on calls for war crimes—has eroded the professionalism and legitimacy critical to American military power, a serious reputational loss. * The U.S. failure to neutralize Iran’s threat to Gulf partners has both [reduced American influence]( over key international players and [negatively impacted]( their economic growth at a time when the region faces massive capital needs, such as for reconstruction and stabilization in [Gaza]( Lebanon, and other locations. _The authors thank Leo Banks, Kalina Gibson, Emily Gee, Will Beaudouin, Anh Nguyen, and Bill Rapp for their contributions._ The positions of American Progress, and our policy experts, are independent, and the findings and conclusions presented are those of American Progress alone. American Progress would like to acknowledge the many generous supporters who make our work possible. #### [Allison McManus]( "Allison McManus") Managing Director, National Security and International Policy #### [Climate and Energy]( "Climate and Energy") Everyone deserves clean air, clean water, affordable energy, and good pay for hard work. Our mission is to build a clean energy economy that improves public health, creates shared prosperity, drives innovation, and returns global temperatures to safe levels. #### [Economic Policy]( "Economic Policy") We are focused on building an inclusive economy by expanding worker power, investing in families, and advancing a social compact that encourages sustainable and equitable growth.

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