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Rubini: The probability of the U.S. escalating the war against Iran exceeds 50%, which could trigger a 1970s-style oil shock. The Federal Reserve is forced to raise interest rates again.
Golden Finance reports, March 27th: “Dr. Doom,” NYU professor Nouriel Roubini, has issued a new warning: the probability of the U.S. escalating military action against Iran has exceeded 50%; if the conflict becomes prolonged, a repeat of the 1970s oil crisis will occur, leading to uncontrollable global inflation, the Federal Reserve being forced to resume interest rate hikes, and an impact on global economic growth.