Iran War to Keep U.S. Costs Elevated for Years, Economist Warns

An MS NOW interview with economist Henriette Treyz says that even if hostilities end quickly, it could take around 200 days for prices to revert, and broader economic costs will linger. She cites a volatile oil outlook (with crude prices potentially staying high), airline and travel costs, tariff reintroduction risks, and higher consumer prices across gas, food, and jet fuel. Additionally, the market no longer anticipates Fed rate cuts this year, meaning borrowing costs and overall economic relief could be delayed for years, effectively spreading the war’s price tag across households and businesses.