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Europe risks recession if oil jumps over $150, ECB's Stournaras says

BY Reuters | ECONOMIC | 04/01/26 05:29 AM EDT

April 1 (Reuters) - Europe could face recession if the Iran conflict drags on and oil prices jump over $150 per barrel, European Central Bank policymaker Yannis Stournaras told Greek radio on Wednesday.

"Right now, nobody says we'll have a recession. But if it (the Iran war) continues, if we're having scenarios with (oil prices) over $150 per barrel, nothing can be ruled out, even a recession," Stournaras, Greece's central banker, said in remarks to Parapolitika radio. (Reporting by Angeliki Koutantou; Editing by Edward McAllister and Andrew Heavens)

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