From 'Baker Briefing:' How the Iran War Is Hitting Americans at Home

As conflict with Iran intensifies, economic consequences are beginning to extend beyond the battlefield, from rising energy prices to growing concerns about inflation and household costs. Ambassador David M. Satterfield and John W. Diamond, director of the Baker Institute Center for Tax and Budget Policy, discuss what a prolonged conflict could mean for the U.S. economy — and why everyday Americans may soon feel the effects.   This conversation was recorded on May 20, 2026.   Listen and subscribe to “Baker Briefing” on Apple, Spotify, or your preferred podcast platform.   You can follow @BakerInstitute on X, Instagram, LinkedIn, and YouTube. Learn more about our data-driven, nonpartisan policy research and analysis at bakerinstitute.org.