Experts warn higher gas, grocery, and flight prices will persist after Iran war

Gas, Grocery and Airfare Prices Will Outlast Iran War, Economists Warn

Washington TimesSupply 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.