Peter Zeihan predicts a global energy-induced recession will occur even if the Iran-Israel conflict stops immediately, due to oil supply disruptions.
“So even if the straight were to open tomorrow, that won't come back on within sixty days. So there's already enough damage to cause a global energy induced recession, even if it stops right now.”
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Our resolution criterion
disputableGlobal recession is declared by major economic institutions (IMF, NBER, or equivalent) with causation linked to energy disruption from the Iran conflict.
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