How the Iran war could hurt Wall Street
The big unknown is how the conflict could alter the Gulf’s investment priorities in the next year or two
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SINCE the earliest days of human civilisation, the world has been hooked on Middle Eastern exports, from textiles and spices in ancient times to oil and holidays today.
The disruption to those physical trade flows – and the risk of an inflationary spike – is a well-documented consequence of the war being waged by the US and Israel against Iran.
Less analysed is the prospective hit to the Middle East’s export of capital.
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