For America’s middle and lower classes, a renewed war with Iran would translate into an immediate, deeply unequal cost-of-living crisis. It would strike wallets, jobs and financial security with a force unseen since the stagflation of the 1970s. While pundits debate grand strategy, economists warn that the primary shockwaves of a second round of hostilities would be inflationary, regressive and profoundly destabilizing for working US citizens.