Oil Shock Could Push Global Economy Toward Major Recession, Expert Warns

Despite a stock rally, energy expert Amrita Sen warns that the oil shock stemming from the U.S.–Iran conflict could push the global economy toward a big recession; supply disruptions around the Strait of Hormuz and symbolic OPEC production hikes may keep oil tight, potentially forcing a demand cut of around 10 million barrels per day and Brent’s floor to about $80–$90 per barrel, with inflation risks persisting in Europe and a mixed but bullish note on SPY for now.