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Economist Warns $120 Oil Could Fuel Inflation
Reports indicate that the rise in oil prices, which has exceeded $120 per barrel—the highest level in the first three months of the war—could trigger another wave of global inflation. Financial institutions expect that if prices continue to increase, they could reach $150, which would drive up inflation rates and force central banks to raise interest rates, threatening global economic growth. Experts also emphasized the strategic importance of the Strait of Hormuz as an international maritime corridor to ensure the flow of oil and to reduce pressures on global energy markets.
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