By Fabiana Negrin Ochoa and Kimberley Kao
The U.S.-Iran peace deal spells relief for Asian businesses being squeezed by the war-induced surge in costs, but new data shows the pressure is still on.
S&P Global's latest flash purchasing managers indexes revealed that inflation remains strong even though energy prices have pulled back.
According to the June surveys, businesses in Japan, Australia and India remain concerned about the impact of disruptions stemming from the Middle East conflict.
Oil has fallen from the peaks reached during the height of the war and more tankers are starting to travel through the Strait of Hormuz, but it will take time to restore balance to a market shaken by significant damage to Middle Eastern infrastructure during the fighting.
