Have Markets Mispriced the Danger of an Iran Escalation? ...Middle East

OILPRICE - Economy

Last September I produced a brief survey of major conflict across the globe in which I wrote the following about the conflict with Iran and Israel, one which is now referred to as the 12-Day War: "[T]here is every reason to believe that the conflict between Israel and Iran is not over and that the United States may be drawn in again." It appears the next phase of this war is about to begin. In fact, by the time you read this, attacks may already have begun. It puzzles me that the rest of the world has treated the run-up to this second phase of…

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Last updated : 23 February 2026 clock 08:04 PM

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Have Markets Mispriced the Danger of an Iran Escalation? ...Middle East

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