Europe risks recession if oil jumps over $150, ECB’s Stournaras says

April 1 (Reuters) – Europe could face recession if ​the Iran ‌conflict drags on and oil prices jump over $150 ‌per ​barrel, European ⁠Central Bank ⁠policymaker Yannis Stournaras told Greek radio on Wednesday.

“Right ​now, nobody says we’ll ⁠have a ⁠recession. But ​if it (the Iran ​war) continues, if we’re ‌having scenarios with (oil prices) over $150 per barrel, ⁠nothing can be ruled out, even a ⁠recession,” ‌Stournaras, Greece’s ⁠central banker, ​said ‌in remarks ​to Parapolitika ⁠radio.

(Reporting by Angeliki Koutantou; Editing by Edward McAllister and Andrew ​Heavens)