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Nouriel Roubini: Trump Likely to Escalate Conflict with Iran with Over 50% Probability
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Economist Nouriel Roubini, known as "Dr. Doom," stated on Friday that US President Donald Trump is more likely to escalate the conflict with Iran rather than back down, accepting the risks to the economy and international order. He estimates the probability of escalation at over 50%. Roubini pointed out that the chances of escalation leading to victory are higher than those of failure, but the risks remain significant. He believes that if the US and Israel intensify their actions, the Iranian regime might collapse, which would be a more favorable outcome in the medium term. However, he warned that prolonged conflict could drag down the global economy, and if Iran further attacks energy facilities, it could lead to a repeat of the oil crisis of the 1970s. Roubini added that even if the conflict ends in the short term, oil prices are unlikely to return to pre-war levels, but if they only rise by about 10% to 15%, the impact would still be manageable. (me/t) Auto-translated by third-party software This translation was auto-generated by third-party software. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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