Economist: US Iran deal reduces recession risk, but does not change outlook expectations According to BlockBeats, on June 15th, Ben May and Bridget Payne from Oxford Economics stated in a report that although there may be setbacks in the future, the US Iran agreement has reduced the risk of sustained decline in oil inventories and ultimately triggered a surge in global energy prices, leading to an economic recession. However, they stated that this does not automatically mean that the amount of oil flowing through the Strait of Hormuz will increase faster than previously expected. We had originally assumed that shipping through the Strait of Hormuz would resume by the end of July. However, our current short-term oil price forecast still looks high, "they added. As the reopening of the Strait of Hormuz is likely to help reduce inflation but has limited impact on boosting economic growth, this news further reinforces their view that the Federal Reserve and the Bank of England will not raise interest rates, and other central banks that have already raised rates will not raise them again. (Golden Ten)