Gross domestic product expanded at a 2 percent annual rate in the first three months of the year, a period that included the first weeks of conflict in the Middle East.
Iran warned President Trump's naval blockade was "doomed to fail" as oil prices soared to their highest point in years with the standoff over the Strait of Hormuz wreaking havoc on the global economy.
The Iran war has nearly doubled jet fuel prices in the United States. That means the bill for firefighting aircraft operations this summer will likely rise by tens of millions of dollars.
