Oil Prices Are at a Four-Year High—and Some Experts Warn of a Possible Recession

Oil prices continued to surge as the war in Iran entered its second week, raising the risk of higher fuel costs that would push up inflation and squeeze consumers and corporate margins. The escalation increases the probability of supply disruptions and broader market volatility, prompting a risk-off stance among investors and pressure on energy-exposed sectors and global growth.

Analysis

Oil prices continued to surge as the war in Iran entered its second week, raising the risk of higher fuel costs that would push up inflation and squeeze consumers and corporate margins. The escalation increases the probability of supply disruptions and broader market volatility, prompting a risk-off stance among investors and pressure on energy-exposed sectors and global growth.