Global markets have become inured to the US president’s posturing over the past year, but economists warn they may be ‘a little bit complacent’ in anticipating a short conflict in the Middle East
Investors over the past year have learned that Donald Trump has a boundless capacity to quickly reverse course in the face of acute political or market pressures.
But a week since the United States and Israel launched missile strikes on Iran, there are fears the war could morph into a protracted conflict.
Patrick Commins is Guardian Australia’s economics editor
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