Strategist: Attacking refineries could trigger the worst economic scenario, as stagflation risks are mounting.

2026-03-09 03:17:04

Odaily Planet Daily reports that market strategist Michael McCarthy stated that the threat to oil refineries is very concerning because it points to the worst economic situation. If 15% to 20% of global oil supplies are cut off, it will not only slow down the growth of all economies worldwide but also trigger inflation shocks. When inflation is combined with slowing growth, it results in stagflation, which would be an economic disaster. (Jinshi)

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