The US–Iran war has flared up again, pushing oil higher and stock futures lower — bad for drivers, consumers, and investors.

• US forces struck missile launchers on Iran's Larak Island, and Iran fired ballistic missiles at US bases in Jordan in response.
• Oil prices rose and stock futures fell, though Wall Street is still on track for a winning month heading into September.
• Some Trump allies claim the war is already won — Iran's navy sunk, its exports blocked, the Strait of Hormuz cleared — and want a formal victory declaration.
• The fighting continues anyway, and only about a third of Americans support the war six months into a conflict first sold as a six-week job.
• The bill is showing up at home: 18 US service members killed, over 750 wounded, and gas in Florida still a dollar above pre-war prices.

Outlook: Expect a few more days of tit-for-tat strikes, with oil staying high as long as the Strait of Hormuz remains contested.