Iran vs Israel: The economic impact if the conflict escalates in the Middle East

Many investors are holding their breath after Iran's unprecedented drone and missile attack against Israel on April 13. It was the first direct attack launched from Iranian soil against Israel and came on the same day that Iran's Revolutionary Guards forcibly seized a container ship of Israeli interests near the Strait of Hormuz. The Iranian attack was widely expected after Israel destroyed part of the Iranian embassy compound in Damascus, Syria, on April 1. But experts, DW reports, are waiting to see if the conflict between the two countries escalates, even as the United Nations and the United States put pressure on Israel to show restraint. Business groups and markets do not like uncertainty and the possibility of a wider open war is keeping the region on alert. The global investment community is waiting to see Israel's response to Iran's unprecedented attack, hopefully […]
Source: News Beast

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