Economist Foresees Prolonged Price Surge Amid Trump’s Iran Conflict

“Don’t expect relief anytime soon,” economist Henrietta Treyz stated this weekend, addressing the economic fallout from President Donald Trump’s conflict with Iran.

Even if the Strait of Hormuz, a crucial maritime route for global oil transport, were to reopen immediately, Treyz estimates it would take around 200 days for prices to stabilize. This insight was shared during her appearance on MS NOW.

However, she emphasized that such a rapid reopening is highly improbable, as the Veda Partners co-founder and director of economic policy explained to anchor Erielle Reshef.

The implications are clear: elevated prices are likely to persist. Treyz noted that surging crude oil costs are creating a ripple effect throughout the economy, impacting various sectors.

“If you’re looking to book an airline ticket or make any purchase, the financial repercussions of this conflict will permeate the entire economy and will continue to cascade for years,” she remarked.

She further cautioned consumers to prepare for “increased interest rates, soaring gas prices, inflated food costs, higher airline fares, and semiconductor expenses. It’s pervasive across the board,” she concluded.