THE HALFAX HEIMDALL AUGUR

Higher prices for gas and groceries will likely outlast the Iran war ... Comment 0 Share Add Us On Google Add as a preferred source on Google NEW YORK (AP) — A tentative deal to end the Iran war makes it reasonable to ask how soon prices will drop for gasoline, groceries, airline tickets and other items that got more expensive during the conflict. Not so fast, experts say. Even after oil starts flowing again from the Middle East, it could take awhile for consumers to see a difference at local fuel pumps, supermarkets and other places they shop, according to economists and industry analysts. Fighting over the Strait of Hormuz disrupted not only supplies of crude and refined fuel but also the supply chains for fertilizer, food and even footwear. Businesses expect higher costs to linger, which means their customers might need to prepare for that too. “It is not clear, despite three months of war, that anything has been achieved that makes the American consumer better off,” Brett House, an economist who teaches at Columbia Business School, said. “In fact, by almost any measure, not just the American consumer, but the world, is worse off as a result of this attack.” If the deal between…

How does war with Iran affect prices, interest rates, supply chains? MONEY Federal Reserve System Add Topic What happens to prices, interest rates if US strikes in Iran escalate? Rachel Barber Betty Lin-Fisher USA TODAY March 2, 2026 Updated March 3, 2026, 9:23 a.m. ET Hear this story Oil prices jumped and global stocks stumbled immediately following United States and Israeli strikes on Iran and Tehran’s retaliation , but economists say the war will likely not have much impact on the Federal Reserve’s upcoming interest rate decision. For now, the war that killed Iran’s supreme leader, Ayatollah Ali Khamenei , and led to disrupted traffic through the Strait of Hormuz is expected to mean higher gas prices for American consumers and potential increased volatility in financial markets. Although analysts are watching for signs that high energy costs could mean heightened inflation, Wells Fargo Chief Economist Tom Porcelli said the war presents a supply-driven oil price shock, exactly the kind of spike Federal Reserve officials aim to "look through" when setting interest rates. "...Absent a prolonged war and major long-term disruptions to key shipping routes in the Strait of Hormuz, the…

Does US-Iran peace deal mean gas prices, inflation will improve? ECONOMY Federal Reserve System Add Topic If the Iran war is over, will it impact the economy and inflation? Andrea Riquier USA TODAY Updated June 15, 2026, 6:56 p.m. ET Hear this story One thing is certain after the United States and Iran agreed to a framework deal to end the monthslong war and reopen the Strait of Hormuz: The cost-of-living crisis just got a bit less bad. But how much less, and how long it lasts, are still open questions, particularly given the deal’s unknowns. “How many times have we talked about a ceasefire? We have been here before and we’ve seen the same reactions time and time again,” said John Mousseau, chief investment officer for Cumberland Advisors, a subsidiary of Mid-Penn Bancorp. “If the war actually ends, then the follow-through should be lower oil prices, declining bond yields, and declining inflation – but that’s going to take time.” Still, for American consumers stretched thin, any little bit helps. How much will the price of gas fall? On June 15, the nationwide average gas price dropped below $4 a gallon – albeit only to $3.99 – for the first time since mid-April, according to metri…

Possible Effects on UK Inflation in 2026 of the US-Iran Conflict - NIESR Home Blogs Possible Effects On UK Inflation In 2026 Of The US-Iran Conflict Possible Effects on UK Inflation in 2026 of the US-Iran Conflict Post Date 23 March, 2026 Reading Time 5 min read Share Authors Professor Huw Dixon Tags CPI Inflation Macroeconomics UK Economy The initial missile strikes by Israel and the United States of America on Iran, Iran’s retaliation and subsequent escalation through the almost complete closure of the Strait of Hormuz, has created significant disruption to the world energy market. The limited storage capacity for oil and liquefied natural gas (LNG) in the Gulf has led to a near cessation of oil and gas extraction; the restarting of which will present a further challenge. The bombing by Israel of the Iranian natural gas field on 18 March marked a major escalation and prompted retaliatory strikes by Iran on selected oil and gas facilities across the region. Looking ahead, further escalation from both sides remains and, with no practical method to unblock the Strait of Hormuz, it is likely to remain closed until Iran chooses to reopen it. The economic impact of the conflict depend…

Inflation, gas prices and interest rates: 3 key ways US-Iran peace deal could impact global economy US-Iran peace deal may lower oil prices, slow inflation and ease cost of living, but impact is uncertain and may take time to show results.

Higher prices for gas, groceries, flights will likely outlast Iran war FILE – An employee works at a cash register in a grocery store in Schaumburg, Ill., Thursday, May 14, 2026. (AP Photo/Nam Y. Huh, File) By Associated Press PUBLISHED: June 16, 2026 at 7:42 AM EDT | UPDATED: June 16, 2026 at 2:36 PM EDT Getting your Trinity Audio player ready... By MAE ANDERSON, AP Business Writer NEW YORK (AP) — A tentative deal to end the Iran war makes it reasonable to ask how soon prices will drop for gasoline, groceries, airline tickets and other items that got more expensive during the conflict. Not so fast, experts say. Even after oil starts flowing again from the Middle East, it could take awhile for consumers to see a difference at local fuel pumps, supermarkets and other places they shop, according to economists and industry analysts. Fighting over the Strait of Hormuz disrupted not only supplies of crude and refined fuel but also the supply chains for fertilizer, food and even footwear. Businesses expect higher costs to linger, which means their customers might need to prepare for that too. “It is not clear, despite three months of war, that anything has been achieved that makes the A…

Inflation, gas prices and interest rates: 3 key ways US-Iran peace deal ... The US and Iran have agreed to a framework deal that targets to end the long war and reopen theStrait of Hormuz. This development has slightly eased worries about the rising cost of living for people in the US. However, experts say it is still unclear how big the impact will be or how long any relief will last. Analysts warn that similar ceasefire hopes have happened before, but results were not always stable or long-lasting. If the war truly ends, it could lead to lower oil prices, lower bond yields, and slower inflation, but this will not happen immediately, as reported by USA Today. Even with all the uncertainty, small improvements in prices and inflation can still help households that are already under financial pressure. The US and Iran have agreed to end the long war and reopen the Strait of Hormuz, which is a major oil shipping route. Because worries about oil supply are reducing, globaloil priceshave started to come down. Brent crude has fallen to about $82 per barrel, which is its lowest level since early March, according to a GasBuddy report. In the US, the average gas price briefly fell to abo…

US-Iran agreement takes the heat off Kevin Warsh - CNN The new Chairman of the Federal Reserve Kevin Warsh departs the East Room of the White House after a swearing in ceremony in Washington, DC on May 22, 2026. Aaron Schwartz/AFP/Getty Images Inflation Economy The Middle East Federal agencies See all topics Facebook Tweet Email Link Threads Link Copied! Follow Summary A framework agreement between the US and Iran is easing pressure on Federal Reserve Chairman Kevin Warsh. The agreement to end the war has sent oil prices plunging and reduced fears of lasting inflation. Warsh had faced the possibility of addressing both rising unemployment and soaring energy costs simultaneously. AI-generated summary was reviewed by a CNN editor. New York — Kevin Warsh’s dream of becoming Federal Reserve chairman was nearly tarnished by the specter of having to confront simultaneous and conflicting challenges brewing in the US economy. In January, when President Donald Trump nominated Warsh for the top job, the labor market had just wrapped up one of its weakest years in decades . Unemployment was rising and the US economy was losing jobs. And then, weeks later, the inflation side of the Fed’s mand…

Higher prices for gas, groceries and flights will outlast the Iran war ... Economists and industry analysts say that even after oil starts flowing again from the Middle East, it could take a while for the Iran war's effects on consumer prices to recede NEW YORK --Atentative dealto end the Iran war makes it reasonable to ask how soon prices will drop for gasoline, groceries, airline tickets and other items that got more expensive during the conflict. Not so fast, experts say. Even after oil starts flowing again from the Middle East, it could take a whilefor consumersto see a difference at local fuel pumps, supermarkets and other places they shop, according to economists and industry analysts. Fighting over theStrait of Hormuzdisrupted not only supplies of crude and refined fuel but also the supply chains for fertilizer, food and even footwear. Businesses expect higher costs to linger, which means their customers might need to prepare for that too. “It is not clear, despite three months of war, that anything has been achieved that makes the American consumer better off,” Brett House, an economist who teaches at Columbia Business School, said. “In fact, by almost any measure, no…

The economic consequences of the Iran war - by Noah Smith The economic consequences of the Iran war The U.S. is likely to get off easy, while others will bear the brunt. Noah Smith Mar 25, 2026 438 56 44 Share With the end of the post-WW2 global order , every great power is now effectively a rogue state. Russia is trying (and failing) to reestablish its old empire. China is menacing its neighbors and funding aggressive proxies around the globe. But for sheer wackiness and chaos, it’s hard to beat the United States under Donald Trump. First it was tariffs and threats to invade Greenland. Now the Iran War is causing a global energy crisis. Militarily, the U.S. has pretty much had its way with Iran, destroying their missile launchers, killing their leadership, and achieving air supremacy with extremely few losses. But Iran has done the one thing that everyone — except, apparently, Donald Trump and his leadership team — had always expected them to do in a major war with the U.S. They have closed the Strait of Hormuz , through which about 20-25% of all global oil and liquefied natural gas flows. Iranian forces have attacked and damaged a large number of ships , causing ships to avoid t…

Higher prices for gas, groceries and flights will likely outlast the ... Oil prices are easing after the United States and Iran reached a tentative deal to extend their ceasefire and reopen the Strait of Hormuz; some Americans say they hope the deal brings down gas prices. (AP Video by Patrick Aftoora-Orsagos) A employee works at a cash register in a grocery store in Schaumburg, Ill., Thursday, May 14, 2026. (AP Photo/Nam Y. Huh, File) The American Flag flies next to a One9 Fuel Stop sign displaying gas prices for diesel and unleaded gas in Wilmington, Ohio, Wednesday, June 10, 2026. (AP Photo/Carolyn Kaster) People paddle along the shoreline as cargo ships are anchored in the Strait of Hormuz off Bandar Abbas, Iran, Monday, June 1, 2026. (Amirhosein Khorgooi/ISNA via AP) Customer checks gas price before she fills up her vehicle’s tank at a gas station in Lincolnshire, Ill., Monday, June 8, 2026. (AP Photo/Nam Y. Huh) Congress party supporters hold placards during a protest against the rising prices of essential commodities, in Jammu, India, Wednesday, June 3, 2026. (AP Photo/Channi Anand) NEW YORK (AP) — Atentative dealto end the Iran war makes it reasonable to ask how soon…