Oxford Economics warns: Middle East war could raise oil to US$190 and generate inflationary shocks
In advanced economies like the United States and the eurozone, inflation would exceed 6%. Photo: EFE
TL;DR
- A war in the Middle East could lead to oil prices reaching $190.
- This price surge would likely trigger inflationary shocks.
- Inflation in advanced economies like the US and eurozone could surpass 6%.