BCA Research: Oil Price Surge to $70-90 May Promote U.S.-Iran Conflict De-escalation

According to Jin10, BCA Research analyst Felix Vezina-Poirier said on July 14 that surging oil prices could encourage the United States and Iran to cool their Middle East conflict. Both sides are willing to demonstrate strength but do not want to see consequences of larger-scale escalation, the analyst noted. He stated that oil prices risk breaking through the $70-$90 per barrel "dynamic equilibrium" range, but such a surge itself would trigger a de-escalation mechanism.
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