Analyst: High oil prices may prompt de-escalation of US-Iran conflict

Odaily reported that Felix Vezina-Poirier, an analyst at BCA Research, stated in a report that soaring oil prices could prompt the United States and Iran to de-escalate the conflict in the Middle East. “Both sides are willing to show strength, but neither wants to see the consequences of further escalation.” As oil prices continue to climb, this could facilitate a resolution of the conflict. He said: “Oil prices are at risk of breaking through the ‘dynamic balance’ range of $70 to $90 per barrel, but such a surge itself would trigger a cooling mechanism.” (Golden Ten)