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Market Impacts Of U.S.-Iran Escalation
Quite frankly, I don't see markets necessarily reacting heavily to further US escalation. Instead, I believe that markets are trying to price in the possibilities of Iranian escalation. This is because economic damage to Iran doesn't affect global markets much, since Iran is fairly isolated in that respect. While they do sell oil to China, among some others, this flow may be replaceable with more Russian exports. What Iran could do, however, is retaliate in a way that disrupts western economies, which would in turn mean more pain for financial markets, and especially the price of oil.
Iran is said to weigh retaliation or diplomacy after U.S.-Israel strikes on nuke sites
Initial retaliation focused on Israel, with Iran launching ballistic missiles that struck residential areas in Tel Aviv, injuring at least 16 people. But military analysts warn that Iran could widen its response to include U.S. bases in Iraq and Bahrain or even attempt to disrupt oil transit through the Strait of Hormuz, a key global chokepoint. Such a move could trigger global market turmoil but would carry high risk. “In the second case, Iran should expect the U.S. to re-engage,” Amersi said.
Brace For $150/Barrel Oil
President Trump has delayed the decision whether to enter the Israel-Iran war for two weeks to allow for the
