That is the key question investors need to consider as they try to work out the market impacts of heightened tensions in the Middle East following’sAccording to Helima Croft, a former CIA analyst who is now a commodity analyst at RBC, the Biden Administration has lobbied Israeli prime minister Benjamin Netanyahu to claim a victory from the Iranian attack, recognising it inflicted almost no damage and was met with a coordinated...
Further to this point, Segal has little truck with suggestions that Iran had no intentions of inflicting much damage or casualties from the attack, and forewarned Israel and allies. “But I fear this Israeli government, Netanyahu propped up by such far-right parties, all desperate to look strong and reestablish their security credentials after their failures that led to the success of the Hamas attack in October, may take a more blunt and direct approach.”Oil prices, which had jumped 18 per cent since February to just over $US90 a barrel on signs that recovering economic growth had tightened the balance between supply and demand, are tracking sideways at present.