Oil Price Increase Can't Be Sustained, Komal Sri-Kumar Says

The video discusses the impact of geopolitical tensions between Iran and the United States on oil prices, particularly focusing on recent tanker attacks. It examines short-term fluctuations in oil prices, noting a temporary increase followed by a decrease. The discussion also covers the influence of a slowing global economy on oil demand, highlighting that major oil importers like Japan, India, and China are experiencing slower growth. The video concludes that unless there is significant damage to production facilities, the recent oil price increase is unlikely to be sustained over the next 12 to 18 months.

What factors are contributing to the slowing economic growth in major oil-importing countries?

What is the teacher's prediction regarding oil prices over the next 12 to 18 months?