Escalation of Middle East conflict would hit markets
Short Note Major Markets , 20. Jun
US military intervention in the conflict between Israel and Iran carries the risk of escalation and thus also risks for the global economy. Despite all the human suffering, the Middle East conflict has so far had little global economic impact and caused only short-term disruptions. An escalation of the armed conflict would probably not only drive oil prices even higher, but US involvement in the conflict could also throw the Arab world into turmoil and cause additional uncertainty on the financial markets.