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

Odaily Planet Daily 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 Middle East war. "Both sides are willing to show strength, but neither wants to see the consequences of a larger escalation." As oil prices climb further, this could facilitate a resolution to the conflict. He noted: "There is a risk of oil prices breaking through the 'dynamic balance' range of $70 to $90 per barrel, but this surge itself will trigger a cooling mechanism." (Jin Shi)