The Guardian view on escalation in the Middle East: calculation does not equate to safety
by The Guardian
The Guardian— Both Iran and Israel are calibrating their responses. That does not mean the region should breathe easyThe danger facing the Middle East is not from wild or impulsive action, but from the considered decisions of men who believe they know what they are doing and how their opponents will respond. Their confidence is not reassuring when their judgment has previously fallen short.On Friday, Iran was quick to play down the overnight strike by Israel, suggesting that it was unclear who was responsible...
KTVZ—Oil prices jump on escalating tensions in the Middle East. By Laura He, CNN Hong Kong (CNN) — Oil prices jumped on Friday while Asian markets tumbled, with global investors worrying about an escalation in conflict in the Middle East after explosions were reported near the Iranian city of Isfahan. US crude futures rose 2.1% to trade at $84.5 per barrel during Asian morning trading
CNBC—Middle East escalation could trigger oil price shock that fuels inflation, World Bank warns. Oil prices could rise to $102 per barrel if a major conflict in the Middle East breaks out involving one or more oil producers, according to the World Bank.
@cityam—FTSE 100 today: London markets poised for red start as Middle East tensions escalate; investors await more details on the crisis. Middle East tensions rattled markets in the Asian session following ABC News reports of Israeli missile strikes in Iran. Oil and gold prices surged while bitcoin dropped below $60,000. However, an Iranian official denies the missile attack reports, adding to the uncertainty. Market focus now shifts to UK retail sales data and speeches by Bank of England officials Ramsden and Breeden.