Iran war's damage to economy could worsen yet markets remain complacent
The markets' benign assessment of the Iran war is wrong and the damage to the global economy could get worse.
The markets' benign assessment of the Iran war is wrong and the damage to the global economy could get worse.
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The markets' benign assessment of the Iran war is wrong and the damage to the global economy could get worse.
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Markets in Europe and Asia nosedived as trading restarted on Monday, as oil prices continued to climb amid the war in Iran. Germany's DAX dipped 2% in early trading, while several key Asian markets logged losses over 3%.
Videos show the aftermath of strikes in Iran, as search teams recover bodies from rubble. Grouped from 3 articles across 3 sources.
Chevron CEO Mike Wirth said the physical supply of oil is much tighter than the oil futures market suggests.
Three people are unaccounted for after a merchant ship, trying to escape the war zone via the Strait of Hormuz, was bombed by Iran. Their loved ones are hoping against hope.
Chances are high that the current power structure in Iran looks more solid than it really is.
Grouped from 3 articles across 1 sources.