Europe risks recession if oil jumps over $150, ECB’s Stournaras says

Europe could look recession if the Iran struggle drags connected and lipid prices ⁠jump implicit $150 ⁠per barrel, European ​Central Bank policymaker Yannis ⁠Stournaras told Greek vigor connected ⁠Wednesday.

“Right ‌now, ⁠nobody says we’ll person ​a recession. But ‌if it (the Iran war) continues, if we’re having scenarios ​with (oil prices) implicit $150 per ‌barrel, thing tin ​be ruled out, adjacent a recession,” ⁠Stournaras, Greece’s ‌central ​banker, said successful remarks to ‌Parapolitika ⁠radio. [Reuters]