The past month has been all about the Iran war and the deep sell-off in broader financial markets. Market declines have been driven by the escalating Iran conflict spreading further across West Asia. The deep sell-off has now morphed into a full-blown rout across Wall Street. Efforts to end the war and restart the flow of West Asian oil produced only further escalation. That, in turn, fueled an ever-greater sense of dread in markets. President Donald Trump’s recent 10-day pause on energy strikes has not reassured investors.
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