India, June 16 -- The US and Iran have agreed to a framework deal that targets to end the long war and reopen the Strait of Hormuz. This development has slightly eased worries about the rising cost of living for people in the US. However, experts say it is still unclear how big the impact will be or how long any relief will last.

Analysts warn that similar ceasefire hopes have happened before, but results were not always stable or long-lasting. If the war truly ends, it could lead to lower oil prices, lower bond yields, and slower inflation, but this will not happen immediately, as reported by USA Today. Even with all the uncertainty, small improvements in prices and inflation can still help households that are already under financial pr...