Oguz O. warns that strikes on Iran power plants could trigger retaliation on Gulf infrastructure, pushing oil to $150 and likely causing a global recession.
If you wonder why #oil price shocks historically create recessions so likely its due to double whammy effect of petrodollar pricing:
-oil shock dampens economic growth expectations leading to selloffs in equities and real estate and investors/consumers piling into cash.
If Trump hits Iran’s power plants, Iran will hit gulf countries’ oil fields, refineries, and desalination plants.
Oil will go to $150.
If oil hits $150, we’ll likely have a global recession
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