Crude Oil

Could a conflict with Iran constrict the global economic recovery?

As the possibility of either a European Union embargo on Iranian oil or an Israeli strike on Iran’s nuclear facilities increases, West Texas Intermediate crude oil has quickly risen to approximately $106 per barrel. According to an analysis by Deutsche Bank, each $10 increase in the price of crude oil decreases real GDP growth by 0.2 percent. Could a conflict in Iran constrict the global economic recovery?

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