U.S. recession risk rises as oil price shock and market fragilities build, El-Erian says

Recession odds in the U.S. are climbing as the U.S.-Iran war keeps crude prices elevated and adds to inflation risks, according to comments Mohamed El-Erian gives Business Insider. The economist says he now puts the probability of a downturn at about 35%, up from roughly 25%, warning that spillovers from the conflict could hit consumers...