Analyst: High Oil Prices May Prompt De-escalation of US-Iran Conflict

Odaily Odaily News: BCA Research analyst Felix Vezina-Poirier stated in a report that surging oil prices could prompt the United States and Iran to cool down the conflict in the Middle East. "Both sides are willing to show strength, but neither wants the consequences of a larger-scale escalation." As oil prices climb further, this may facilitate a resolution to the conflict. He noted: "There is a risk of oil prices breaking through the 'dynamic equilibrium' range of $70 to $90 per barrel, but such a surge itself would trigger a de-escalation mechanism." (Jinshi)