Gas, Grocery and Airfare Prices Will Outlast Iran War, Economists Warn
Washington Times—Supply chain experts say businesses have already absorbed higher logistics costs into their pricing models and plan to keep prices elevated even after the Strait of Hormuz reopens fully. Fertilizer, food commodity, and footwear supply chains remain particularly disrupted due to rerouted shipping. Airlines have locked in fuel hedging contracts at higher prices that will take months to unwind, keeping ticket prices above pre-war levels.
- Washington Times — Higher prices for gas, groceries and flights will likely outlast the Iran war
- ABC News — Money — fertilizer, food and footwear supply chains cited as most stubbornly disrupted; businesses plan to hold prices high
- Memeorandum — Economists warn gas grocery and airfare prices will stay elevated long after Iran ceasefire