EIU foresees oil price spike to $90 per barrel if US, Iran tensions escalate

THE Economist Intelligence Unit has pegged an escalation in tensions between the US and Iran as a greater threat to the global economy than COVID19, in its risk assessment for 2020.

EIU foresees oil price spike to $90 per barrel if US, Iran tensions escalate EIU foresees oil price spike to $90 per barrel if US, Iran tensions escalate EIU foresees oil price spike to $90 per barrel if US, Iran tensions escalate EIU foresees oil price spike to $90 per barrel if US, Iran tensions escalate EIU foresees oil price spike to $90 per barrel if US, Iran tensions escalate

Paints a grim economic picture for 2020

 
The report released this week described 2019 as a difficult one for the global economy due to geopolitical uncertainty and a slowing Chinese economy.