2024-04-16 10:28:14 ET
Summary
- A direct war between Israel and Iran could cause oil prices to spike to over $150 and cause a global recession.
- The S&P 500 could drop by 20-30% similarly to the 1974 situation.
- The key is if and how Israel retaliates against Iran.
Israel-Iran: the Direct War scenario
Bloomberg Economics proposed three scenarios after the Hamas attacks on Israel on October 7, 2023....
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S&P 500: Geopolitical Tension Could Cause Oil To Go Over $150 And Cause A Global Recession