""So, if you're trying to buy an airline flight, if you're trying to do anything, the costs of this war are going to trickle down across the entire economy, and it's going to cascade for literally years to come.""
""Consumers should brace for higher interest rates, higher gas prices, higher food prices, jet prices, semiconductor prices. I mean, you name it, it's across the economy now.""
Henrietta Treyz warned that prices, already increased by the Iran war, will not decrease soon. Even if the Strait of Hormuz reopens, it would take about 200 days for prices to normalize. The likelihood of a quick reopening is low, leading to sustained higher prices. The impact of soaring crude oil costs will ripple through the economy, affecting airline flights, gas, food, and other sectors. Consumers should prepare for higher interest rates and prices across various goods and services.
Read at BuzzFeed
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