Inflationary pressures to linger despite US-Iran agreement

The US-Iran agreement marks an important development for energy markets and global trade, although inflationary pressure is expected to remain in place for some time, according to University of Cyprus economics professor Marios Zachariades.

Speaking to the Cyprus News Agency (CNA), Zachariades said the agreement had already led to a sharp fall in international Brent crude prices, a move which should gradually be reflected at petrol stations in Cyprus over the coming weeks....