UBS On-Air: Paul Donovan Daily Audio 'Escalating violence'
UBS On-Air: Market Moves · Podcast owner
October 2, 20242m 15s
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Show Notes
Markets have responded to escalating violence in the Middle East. Overnight missile attacks by Iran against Israel differed from those in April—there was less warning, and faster missiles were used. Israeli Prime Minister Netanyahu has pledged retaliation. Investors have seen this as a more serious escalation, and oil prices have risen. However, even at higher levels oil prices are still near the lows for the year. This limits the economic consequences for now.