CNBC reported that the war between the U.S. and Iran has led to soaring oil prices and rising government bond yields, pushing up energy and borrowing costs for American households and forcing consumers to draw more from their savings. According to Moody's Analytics data, as of September 11, the total bill for each household has increased by approximately $1,760 since the conflict began. Of this, rising energy costs contributed $930, higher interest rates contributed $425, and increased military spending contributed $405. West Texas Intermediate (WTI) crude oil prices broke above $105 per barrel on Tuesday, marking the highest closing price since mid-May; the U.S. 10-year Treasury yield rose to its highest level since 2007 on Tuesday; and the average rate for a 30-year fixed mortgage surpassed 7% for the first time this month, the first time in over a year.