Despite ceasefire in Iran, businesses should follow Singapore’s model
Whether the ceasefire holds, firms should not assume business as usual
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US PRESIDENT Donald Trump did not follow through on his threat to end a whole civilisation in Iran. Markets went up as a result. This does not mean long-term geopolitical risk and realignment will no longer occur.
Trump remains president. While he sits in the Oval Office and the Islamic Revolutionary Guard Corps rules in Teheran, fuel prices higher than those pre-war are likely here to stay.
As a result, governments across much of the world will need to continue helping their citizens alleviate this hit by, for instance, cutting taxes on fuel – at a cost to be borne elsewhere.
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