European Central Bank official Stournaras: If oil prices surge above $150, Europe will face recession risks

2026-04-04 19:21:25

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European Central Bank (ECB) policymakers and Yannis Stournaras, the governor of the Bank of Greece, said on Wednesday in an interview with a Greek radio station that if the Iran conflict continues to drag on and oil prices surge to more than $150 per barrel, Europe could face an economic recession.

“Right now, nobody would say that we are going to fall into a recession. But if the (Iran) conflict continues, and if we see a (oil price) scenario above $150 per barrel, anything is possible—even a recession,” Stournaras said in an interview with the Parapolitika radio station.

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