💨 Abstract

The Iran conflict, now in its fourth week, has caused financial markets to drop and oil prices to rise, sparking global recession fears. Brent crude oil prices have surged, with warnings that prices reaching $150 per barrel could trigger a recession. Experts like Larry Fink of BlackRock and Thomas Sampson of LSE caution about potential economic impacts, while Morgan Stanley predicts possible interest rate hikes and a UK recession.

Courtesy: Sarah Hooper