Britons could continue to suffer the “pain” of higher food prices due to the Iran war for another 18 months despite Donald Trump’s peace deal, The i Paper has been told.
Shopping bills could carry on rising until the end of 2027 because of all the extra costs faced by farmers and food manufacturers, economists have said.
Petrol and diesel prices may not come down substantially at the forecourt until 2027, the experts also warned British motorists. UK holidaymakers’ flight prices could be affected for many more months too.
Shorts
Oil prices eased below $80 a barrel after the US and Iran signed a “memorandum of understanding” to end the war and reopen the Strait of Hormuz shipping route.
