A Goldman Sachs analysis cited by Fortune magazine indicates that the ongoing U.S. military conflict with Iran is costing the American economy approximately 10,000 jobs per month, according to a report published March 26, 2026. The findings point to oil price shocks as a primary transmission mechanism, with elevated energy costs rippling through supply chains, consumer spending, and business investment decisions. The report also highlights disproportionate impacts on younger workers, including members of Generation Z, who are entering or recently entered a labor market now under strain from conflict-driven economic disruption. Goldman Sachs, as the primary analytical source cited, attributed the job losses to a combination of sustained high oil prices, reduced business confidence, and tightening financial conditions linked to geopolitical uncertainty in the Persian Gulf region. The Trump administration's military engagement with Iran has drawn scrutiny from economists and policy analysts who warn that prolonged conflict could compound existing inflationary pressures. No official White House response to the Goldman Sachs projections was included in the Fortune report. SOURCE: https://fortune.com/2026/03/26/trump-iran-war-oil-shock-jobs-goldman-sachs-gen-z/