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Economy News

The Economic Times

Economy / The Economic Times

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High oil and gas prices could outlast Trump's war with Iran

The war with Iran is causing oil and gas prices to surge globally. President Trump believes prices will fall rapidly once the conflict ends. However, economists and industry experts suggest relief will be gradual, taking weeks or months. Damage to infrastructure and shipping lane disruptions will impact recovery.

25 Mar 2026 8:39 am