File photo. [InTime News]
Europe could face recession if the Iran conflict drags on and oil prices jump over $150 per barrel, European Central Bank policymaker Yannis Stournaras told Greek radio on Wednesday.
“Right now, nobody says we’ll have a recession. But if it (the Iran war) continues, if we’re having scenarios with (oil prices) over $150 per barrel, nothing can be ruled out, even a recession,” Stournaras, Greece’s central banker, said in remarks to Parapolitika radio. [Reuters]