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Oil Shock from Iran War Pushes U.S. Recession Odds to 30% as Markets Brace for Prolonged Pain
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Oil Shock from Iran War Pushes U.S. Recession Odds to 30% as Markets Brace for Prolonged Pain
The S&P 500 notched a fresh all-time high last week. Two weeks earlier, it scraped its lowest point of the year. Volatility like that signals confusion. Investors grapple with oil prices hovering near $120 a barrel, thanks to the Iran war’s chokehold on the Strait of Hormuz. Economists now peg the chance of a U.S. recession within 12 months at 30%. That’s up from 25%, according to The Motley Fool. War disrupts one-fifth of global oil flows. Pric…
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