Opinion

Markets are a frog in boiling water on Iran-Israel

The latest round of Iran-Israel hostilities has crossed many lines and durably raised the geopolitical temperature in the region. Yet markets seem keen to brush this aside.

Mohamed El-ErianGlobal financial commentator

Apr 21, 2024 – 9.14am

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National security experts and financial market traders seem to disagree on what will follow the recent escalation of tensions between Iran and Israel.

The question of who turns out to be correct will have significant consequences not only for an already unstable Middle East but also for the wellbeing of the global economy and the stability of its financial system.

Financial Times

Mohamed A. El-Erian, is president of Queens’ College at the University of Cambridge and a professor at the Wharton School of the University of Pennsylvania