Gulf's Gray-Zone Conflict Is Becoming A Market Stress Test

Since the first US strikes on Iran on Feb. 28, the Middle East conflict has dented but not broken risk appetite across major asset classes, based on ETF performance through Friday’s close. The flare-up-from-embers framing suggests investors remain cautious rather than fully risk-off.

Analysis

Since the first US strikes on Iran on Feb. 28, the Middle East conflict has dented but not broken risk appetite across major asset classes, based on ETF performance through Friday’s close. The flare-up-from-embers framing suggests investors remain cautious rather than fully risk-off.