Spiking oil prices have led to recessions in the past, and that’s why the stock market is on edge

Spiking oil prices have led to recessions in the past, and that’s why the stock market is on edge

A worker walks at the Nahr Bin Umar field, Iraq.
Essam Al-Sudani | Reuters

The latest flare-up in U.S.-Iran relations could bring about the end of the longest bull market ever if crude prices keep surging, slowing an already fragile global economy even further.
But investors cautioned we’re not yet at that point.
The last three U.S. recessions all came after a sharp increase in oil prices. Between…

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