Here's the exact oil price that would tip the U.S. into a recession - and we're getting closer as the Iran conflict drags on
From morningstar.com
A bulletproof U.S. economy has shot past a series of shocks since the 2020 pandemic and grown for five straight years, but soaring oil prices tied to the Iran war have emerged as a potential trigger for recession. What would it take to tip the U.S. into recession? Oil prices climbing to at least $140 a barrel and staying at that level for months could push the economy into a downturn, analysts say. And while it's possible the economy could withstand prices that high, if oil rises to $175 a barrel, it would almost certainly tip the U.S. into a recession. Oil prices (CL.1) were hovering around $100 a barrel on Friday, ...
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