4 Hrs
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الاقتصادية
Recession Risk Persists
Energy Platform editorial adviser Anas Alhajji warns that a peace agreement restoring normal shipping through the Strait of Hormuz could ease economic pressures, but would not guarantee that a recession can be avoided. He points to the possibility of a slowdown in spending on AI and data centers, amid opposition to their expansion and difficulties financing projects—spending that has helped support growth in developed countries. He expects a genuine agreement accepted by markets to bring oil prices down by more than $30 a barrel, along with lower shipping costs. But he stresses that a recovery in crude exports would not mean the fuel and petroleum-products crisis is over.
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