|  Could oil prices breach US$200 per barrel? Three more months of war in Iran could cause Brent crude oil prices to skyrocket, soaring past US$200 a barrel, a report by a global asset management firm warned on Friday.  The ongoing "Gulf War 3" is the key factor in deciding what direction the global economy will head in, the Macquire Group Ltd. said in a note to clients.
The report outlines two scenarios, the first with the war ending at the end of March and the second with the war continuing until the end of June. Read more to find out how the scenarios could play out.  Wealthsimple could let you bet on real world events soon If you have a Wealthsimple account, you might soon be able to place bets on real-world events as the phenomenon known as prediction trading gains popularity. The Canadian investment and e-banking platform cleared a major regulatory hurdle after receiving regulatory approval from the Canadian Investment Regulatory Organization (CIRO) to offer prediction contracts to clients on its platform, a spokesperson for Wealthsimple told Global News. But financial experts say there are questions about what easier access to the "wild west" of predictive trading would mean for users. Read more to find out what prediction trading means.  If Iran war were to end, how soon would you feel relief at the gas pumps? Consumers struggling with higher gas prices as a result of the Iran war may wonder: with talk of negotiations toward a potential ceasefire, how long would it take to feel relief if the conflict ends? Since the war began nearly a month ago, gas prices have spiked as a knock-on effect of higher oil prices. "If you're low on gas, I'd fill up because I don't think you're going to see a resolution of this in the next three or four, five days," says Jon Allen, a senior fellow at the Bill Graham Centre for Contemporary International History at the University of Toronto. Read more to find out about the implications of a potential ceasefire. | 
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