President Trump delayed a threatened action against Iran, while the Wall Street Journal reports Gulf states are taking a tougher stance on Tehran. The moves raise short-term geopolitical risk for the Middle East and could cause volatility in oil prices, regional sovereign spreads and defense-sector names.
President Trump delayed a threatened action against Iran, while the Wall Street Journal reports Gulf states are taking a tougher stance on Tehran. The moves raise short-term geopolitical risk for the Middle East and could cause volatility in oil prices, regional sovereign spreads and defense-sector names.
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