An Iranian rocket attack on U.S. forces based in Iraq has sent markets into turm...
SINGAPORE - An Iranian rocket attack on U.S. forces based in Iraq has sent markets into turmoil and investors racing for safety. Here are analyst views on the market moves:
“Both sides have incentives to control this situation after a few rounds of retaliation, but this depends on how much damage there is to Iraqi oil production capacity, what happens between Iran and Israel and the scale of human casualties. Hopefully in two to three weeks there could be some efforts from both sides to at least contain the situation.”“In the short term, the market will shrug it off. However it will be closely monitoring any further developments.
“This is the Iranian response to the killing of Soleimani. We now have to see what the U.S. response to the Iranian response is. This looks as if it could escalate.
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