Moody's estimates Iran war has cost U.S. consumers $265 billion, about $2,000 per household

The Iran war has cost U.S. consumers about $265 billion since the conflict began in late February, equivalent to roughly $2,000 in additional costs for the average American household, according to estimates from Moody's Analytics chief economist Mark Zandi reported by CNN.

Energy accounts for about $1,100 of the added cost per household, including higher gasoline, diesel, jet fuel and home heating expenses.

The national average gasoline price stood at about $4.34 a gallon on Tuesday, according to AAA, up from $2.98 before the war began.

Moody's estimates higher borrowing costs have added about $540 per household, while the direct cost of military spending accounts for another $360.

The estimate is a running total and could continue rising if elevated energy prices and borrowing costs persist.