Iran War Threatens Trump's Tax Relief, Sparks Recession Fears

• President Donald Trump's 'Big Beautiful Bill' tax relief may be nullified by rising oil prices due to a potential Iran war.
• Crude oil prices surged from $67 to $88 per barrel after the conflict began, increasing daily living costs.
• Experts estimate American consumers could spend $150 billion more on petrol, exceeding the $129 billion tax relief.
• Money intended for consumers' pockets could now go directly to petrol and energy costs, negating tax benefits.
• Concerns rise about weakening economic momentum and potential recession, despite past resilience to high oil prices.