Bad news for regular people worldwide: the Iran war is driving up inflation and energy prices everywhere, and people are tightening their belts.

• Inflation is rising across the US, Europe, Japan and beyond because the Iran war pushed energy prices up globally.
• South Korea's currency crashed to a 17-year low, making imported energy far more expensive and forcing the government to scramble.
• High gas prices are pushing people to drive less, work from home, or bike — Korea is even telling people to take shorter showers and keep government cars off the road one day a week.
• Trump keeps repeating the same case for attacking Iran, while admitting the conflict is dragging on into its third month.
• Evangelical voters are starting to peel away from Trump, and many may just sit out the midterms, which could hurt Republicans.

Outlook: If the war drags on, expect higher prices, weaker spending, and growing talk of recession around the world.