Oil prices will rise even higher regardless of whether the Iran war ends, U.S. economic and political commentator Peter Schiff predicted during an interview with Fox News Digital on Wednesday, noting that he expects an economic “downturn.”
Schiff, chief economist and global strategist of Euro Pacific Asset Management and host of “The Peter Schiff Show” podcast, described the elevated prices as “a tax on the economy,” opining, “I don’t think it’s over.”
“I think oil prices are headed significantly higher from here — not just oil, but everything related to, to energy,” he explained, “especially… diesel, which is gonna have a particularly harmful…
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