How Long Will it Last?
"Is it going to look more like Russia-Ukraine, or is it going to look more like Hamas attacking Israel?"
Summary: Markets are trying to understand the economic impact of the war in Iran. So far, the reaction has been relatively benign, but if the war persists, then things could get more precarious. 20% of the world’s oil moves through the Strait of Hormuz. Higher oil prices mean higher inflation, which could make it harder for the Fed to lower interest rat…
