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If the war between the United States and Iran drags on, oil prices are likely to soar above $150 a barrel, reviving fears of recession.
“The increase in the price of petroleum products (such as petrol and heating oil) is currently costing Swiss consumers around CHF170 million a month. This corresponds to less than 0.5% of their expenditure,” stated Alessandro Bee and Matteo Mosimann in a study published on Tuesday.
+ Read about our coverage of the Middle East conflict
