Iran

War in 2024

Summary: the oil market suggests that investors have, overall, learned to live with the current crisis in the Middle East, as well as the Russia/Ukraine war and China/Taiwan tensions. However, they still need to beware of less high profile war risk, consistent with the turbulent times in which we live. 

Saving face

Summary: diplomacy rather than bullets marked the end, at least for the time being, of a dispute between Iran and Iraqi Kurdistan that had it not been resolved had the potential to explode into a major military confrontation.

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