'New phenomenon of dangerous rhetoric': World leaders fashion proud disregard for international law

World leaders are increasingly embracing a 'proud disregard' for international law, described as a new phenomenon of dangerous rhetoric centered on the Middle East. Elevated rhetoric raises geopolitical risk that could pressure defense and energy-related assets and complicate sanction enforcement, warranting a more risk-off stance for portfolios.

Analysis

World leaders are increasingly embracing a 'proud disregard' for international law, described as a new phenomenon of dangerous rhetoric centered on the Middle East. Elevated rhetoric raises geopolitical risk that could pressure defense and energy-related assets and complicate sanction enforcement, warranting a more risk-off stance for portfolios.