Economist: The impact of the Iran war is expected to be reflected in the US April import price data

Brean Capital Chief Economic Advisor John Ryding stated: The increase in import prices was lower than expected, which likely reflects the difference between the shipping time of oil arriving at U.S. ports and the spot price of oil. The average crude oil price arriving in the U.S. in March rose by 7.8%, while Brent crude oil prices increased by 45.5%. Most of the impact of the March oil price increase has not yet been reflected in this report. Expand