Prices Likely to Stay High After Iran War, Warns Economist
Economist Henrietta Treyz (Veda Partners co-founder) warned that prices won’t fall anytime soon after Trump’s Iran war; even if the Strait of Hormuz reopens quickly, it could take about 200 days for prices to normalize, and higher crude costs are expected to ripple through the economy for years, lifting prices on gas, food, airline tickets, and semiconductors.