Iran War Pushes Europe and Japan Recession Risk to 50%, BCA Research Says
By Jamie Redman
BCA Research's chief global strategist Peter Berezin states that the Iran conflict has raised U.S. recession odds to 40%, with Europe and Japan facing even higher risks at 50%. A sustained oil supply shock from the conflict could drive crude oil prices to $200 per barrel, disrupting global supply chains from fertilizers to plastics. This scenario heightens recession risks for export-dependent economies worldwide.
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