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prima:Business owners and travelers in Puerto Rico face rising energy costs and uncertainty

Economists and private sector leaders analyze the potential effects on Puerto Rico of rising hostilities between Iran and Israel

June 24, 2025 - 11:27 AM

After the U.S. intervention in the conflict between Israel and Iran, if the conflict is prolonged and events such as the closure of the Strait of Hormuz occur, the world -including Puerto Rico- could experience a rise in the price of oil and with it, higher prices and lower economic growth, according to economists. (LARRY W. SMITH)

The intervention of the United States in the geopolitical conflict in the Middle East exacerbates, among other things, the uncertainty that already reigned in international trade, the world economy and, consequently, in the pockets of consumers in Puerto Rico and the American nation, according to interviewees.

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