HSBC Sees A U.S.-Iran Deal As Key To Restoring Oil and Gas Flows
A peace deal in the Middle East is key to restoring global energy flows, and the sooner it could be achieved, the less negative economic impact it would have on the global economy, according to HSBC group chairman Brendan Nelson. “The longer the disruption continues, the more the indirect effects from higher energy costs will lift inflation and depress growth,” Nelson said at the HSBC Global Investment Summit in Hong Kong, as carried by Reuters. Inflation is accelerating due to the oil and energy shocks looming as a major risk…