The economic fallout from the US-Israeli war on Iran has added hundreds of dollars to household expenses across the United States, Al Jazeera reports citing a new analysis.

Data from Moody’s Analytics finds that the average US household spent an additional $447.19 on fuel-related costs since the conflict began on February 28.

The increase, driven by higher petrol prices and rising air fares, cost US consumers almost $60bn collectively over the past three months, CNBC reports.

Economists warn that the financial strain is likely to intensify if the conflict drags on.

“Unless the war ends soon, financially pressed consumers will have no option but to turn more cautious in their spending, threatening the already soft economy,” says Mark Zandi, Moody’s chief economist.

The analysis suggests that if energy prices remain at current levels, the average household could face nearly $2,000 in additional costs by the first anniversary of the war.