How high could oil go, and what might the global economic fallout be? - short news
There is talk of crude surpassing its record high of 2008 with potentially dire effects for consumers and businesses
Fears over the global economy have been stoked by the oil price soaring past $100 a barrel as a result on the US-Israel war with Iran.
Economists say the increasing likelihood of a prolonged conflict in the vital energy exporting region could have serious consequences for living standards around the world amid the threat of a renewed inflation shock.
Continue..source: The Guardian - 09.03.2026