Independent Report: Deal with Iran Won’t Immediately Lower Prices in U.S.

Economic experts have warned that the signing of a preliminary agreement with Iran will not lead to an immediate reduction in consumer goods prices in the United States, and American citizens should not expect a rapid drop in gasoline, food, or airline ticket prices.

The British newspaper The Independent, in a report examining the economic consequences of this agreement on U.S. markets, wrote that despite news about a possible end to tensions, the price shocks caused by recent developments continue to affect domestic U.S. markets. According to experts, even if the deal can ease some concerns, its impact on people’s everyday expenses will take time.

According to the report, although oil prices have fallen since the announcement of the agreement, this decrease is not instantly reflected in gasoline rates. This is because refineries purchase crude oil weeks in advance of processing it, so the transmission of the price drop to the end consumer is delayed.

A similar situation exists in the aviation sector. Airlines usually procure the fuel they need in advance and adjust flight schedules gradually. Therefore, any possible reduction in airplane fuel prices may only appear in ticket prices after several weeks or even months.

The Independent also predicted that food prices will remain under inflationary pressure in the coming months. Experts attribute this situation to ongoing increases in fuel costs, disruptions in global supply chains, and shortages of fertilizer in international markets—factors that have negatively affected agricultural production worldwide.

Meanwhile, certain key industries, such as the footwear industry and the transportation sector, have stated that costs and prices could remain high until 2026 and 2027. Widespread dependence on imports, customs tariffs, and additional fuel costs are among the reasons cited for prolonging the price reduction trend, indicating that improvements for consumers across various commercial and service sectors will be gradual.