A two-week ceasefire between the United States and Iran is unlikely to significantly ease fuel prices in the near term without a complete end to the conflict, Hong Kong economists have warned, citing uncertainties in the volatile situation.
Economist Simon Lee Siu-po of the Chinese University of Hong Kong’s Shenzhen Finance Institute said that uncertainties remained, adding that fuel prices were still subject to volatility unless a permanent ceasefire was achieved.
“There are lots of variables –…
US-Iran ceasefire unlikely to cause major fuel price drop: Hong Kong economists
