Lebanon oil prices may fall

The article discusses the impact of rising oil prices on the markets and economy in Lebanon, noting that an 8% increase since the start of the conflict has led to higher costs in sectors such as generators and transportation. It explains that Lebanon's market is not open and is controlled by monopolies and agencies, which hinder the quick return of prices to pre-increase levels when global oil prices fall. Additionally, it highlights that the effects of rising oil prices manifest quickly, but their decline takes longer due to market structure and monopolistic control, thereby prolonging the duration of oil shock impacts on the Lebanese economy.

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