US, Iran have approached "edge of abyss" — expert
AI Summary
Trita Parsi of the Quincy Institute warns that the United States and Iran are near a dangerous escalation point. A resumption of large-scale fighting could push oil prices to $200 per barrel and trigger a global economic depression.
According to Executive Vice President at the Quincy Institute for Responsible Statecraft Trita Parsi, a resumption of large-scale fighting could result in oil prices soaring to $200 a barrel and lead to a global economic depression
World Security Conflict Markets Commodities US-Iran tensions military escalation oil prices economic depression geopolitical risk