WSJ: Gulf Weighs Joining War, Iran Refutes Talks Claim, More

Gulf states are reportedly weighing joining the conflict, while Iran has refuted claims of talks — a development that raises the risk of regional escalation. The prospect of broader Gulf involvement would likely push oil prices higher and trigger risk-off flows across EM assets and FX, increasing volatility for energy, defense and regional markets.

Analysis

Gulf states are reportedly weighing joining the conflict, while Iran has refuted claims of talks — a development that raises the risk of regional escalation. The prospect of broader Gulf involvement would likely push oil prices higher and trigger risk-off flows across EM assets and FX, increasing volatility for energy, defense and regional markets.