Sina Toossi, a senior fellow at the Center for International Policy, has cautioned that the escalating conflict between the US and Iran could have devastating global repercussions, including a drastic surge in oil prices and a broader economic downturn.
In a recent social media update, Toossi stated that Iran has signalled its intention to retaliate against US attacks on its energy infrastructure by intensifying strikes on energy and power installations across the Gulf and Israel.
According to Toossi, the potential outcome of this escalation is a sharp increase in global crude oil prices, potentially reaching $200 per barrel, which could push countries worldwide, including the US, towards economic recession or even depression.
Toossi also expressed skepticism that the escalation would prompt Iran to surrender, questioning whether this scenario would ultimately lead to Iranian capitulation, which he deemed highly unlikely.
Notably, Toossi characterized Trump’s approach as a form of “madman doctrine,” a tactic that relies on aggressive rhetoric to create an aura of unpredictability.
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