Experts Say Higher Prices Will Outlast Iran War

NEW YORK (AP) — People around the world may be wondering how soon prices will drop for gasoline, groceries, flights and other items that got more expensive during the Iran war. The answer from experts after the U.S. and Iran announced a tentative deal to end the conflict is: not that soon. Economists and industry analysts say that even after oil starts flowing again from the Middle East, it could take a while for the war’s effects on consumer prices to recede. That’s because the fighting disrupted not only fuel supplies but also the supply chains for fertilizer, food and even footwear. Experts say that as long as business costs are elevated, customer prices are likely to be too.