High Oil Prices

ROME - High oil prices could tip the world economy into recession, the International Energy Agency (IEA) warned on Tuesday.

"That's possible," IEA executive director Nobuo Tanaka said on the sidelines of the International Energy Forum here.

The previous day, the IEA chief had the three-day gathering of oil producers and consumers that oil prices, at their current levels, were "too high for everyone, especially for developing countries who face other significant costs increases", namely food prices.

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