Betashares Chief Economist David Bassanese spoke on the prolonged economic risks of delaying peace talks negotiations.
“We are in this delicate game of brinkmanship and just wondering which side is going to blink first,” Mr Bassanese told Sky News Australia.
“As we’ve seen with Israel and Lebanon, you can have a ceasefire agreement, a talk, and then there’s always the risk of those ceasefires breaking.
“If we do even get a deal struck, the risk premium in oil prices … is going to stay with us for a while longer.
“I don’t think we are going to get back to the price of oil that we had pre-war for a while
“There’s going to be shortages and upward pressure on oil prices for a while, even if we do manage to strike a deal in the next week or so.”
