Few months, even a year: Energy prices to remain elevated on US-Iran deal
Markets
Economists warn inflation across Asian economies will also take time to subside
It will take Asia’s inflation-suffering economies months before they can fully heal now that U.S. President Donald Trump has announced a deal with Iran to end the 3-1/2Â month-old war. (Nikkei montage/Source photos by Reuters and Getty Images)
AKANE OKUTSU and SHOTARO TANI
TOKYO — Commodity prices are expected to remain higher than they were in February, before the U.S. and Israel attacked Iran, even after the latest U.S.-Iran agreement to end the war, as it will take months for risk premiums to retreat and give breathing space to Asia’s commodity-importing economies.
