BusinessOil Price Surge Raises Recession Fears and Fed Rate Hike Odds
Oil prices surged this week with Brent Crude and WTI Crude topping $100 per barrel amid escalating U.S.-Iran tensions. This spike has increased the likelihood of a Federal Reserve interest rate hike next week and revived recession concerns for the first time since early in the Iran war. The global and U.S. economies had remained resilient for six months during the conflict.
Oil Price·


