WSJ: ‘Riyadh fears oil at $180 a barrel if war continues’

Rome, 20 March (LaPresse) – Saudi Arabia expects oil prices to soar to $180 if the energy crisis caused by the war in Iran persists beyond April. This is reported by the Wall Street Journal. Such high prices – it explains – could prompt consumers to adopt habits that drastically reduce oil consumption, potentially in the long term, or trigger a recession that would further damage demand. Furthermore, they would risk making Saudi Arabia appear as the ‘beneficiary’ of a war it did not start.