AIB chief Colin Hunt warns it's too early to get 'overexcited' about oil price moderation

Mr Hunt cautions that global economy still faces multiple risks

AIB chief executive Colin Hunt on Bloomberg TV on June 16. The global economy still faces multiple risks even as the US and Iran agree to halt the war in the Middle East, AIB chief executive Colin Hunt has warned. Picture: Jose Sarmento Matos/Bloomberg

The global economy still faces multiple risks even as the US and Iran agree to halt the war in the Middle East, AIB chief executive Colin Hunt has warned.

“I would not get overexcited at this stage about a sustained moderation in oil prices,” Colin Hunt told Bloomberg TV, adding it’s “hard to say based on what we have seen overnight and in the past number of days” whether Ireland would see improved growth off the back of the agreement.