Consumer confidence tumbled in March as Americans worry about the Iran war's economic impact

TL;DR

Consumer sentiment fell 5.8% in March to 53.3 points, the lowest since December 2025.
The decline is linked to the Iran war and rising gas prices.
Higher-income consumers experienced a more pronounced drop in sentiment due to stock market volatility.
Gas prices increased by $1 since the conflict began, reaching $3.98.
Crude oil prices also climbed, with Brent at $103.72 and WTI at $97.35.
Inflation expectations rose to 3.8% in March, the largest one-month increase since April 2025.
Recent polling indicates 85% of U.S. adults are experiencing rising gas prices, and 90% expect them to increase further.

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