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 commentatorNational 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
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