Hong Kong economists advise that a two-week ceasefire between the United States and Iran will not cause a major drop in fuel prices. They emphasize that sustained stability requires a permanent resolution to the conflict.

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 –...