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niall ferguson

  • Don’t panic: What’s behind markets’ Iran-Israel indifference?

    Markets

    Commentators have warned that an escalation in the Iran-Israel conflict could set off a chain of events that leads to the outbreak of World War 3. But markets have reacted as if the exchange of air attacks have barely happened at all. Ali Lyon digs into a puzzling few days of equities and oil trading. [...]

    Iran's blockage of the Strait of Hormuz could lead to a new European gas crisis. (Photo by Majid Saeedi/Getty Images)

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