The Surprising Economic Response to Middle East Tensions
sungwonsohn.substack.com
War, especially in a region as volatile as the Middle East, has traditionally signaled an uneasy period for global economic markets. As history has shown, a significant disturbance often leads to a slump in stock markets and a sharp rise in oil prices. Recall the aftermath of Russia's annexation of Crimea: the price of WTI crude oil soared over $100 a barrel, and stocks took a heavy beating. Yet, in the current scenario involving Israel and Hamas, the reaction has been surprisingly different.
The Surprising Economic Response to Middle East Tensions
The Surprising Economic Response to Middle…
The Surprising Economic Response to Middle East Tensions
War, especially in a region as volatile as the Middle East, has traditionally signaled an uneasy period for global economic markets. As history has shown, a significant disturbance often leads to a slump in stock markets and a sharp rise in oil prices. Recall the aftermath of Russia's annexation of Crimea: the price of WTI crude oil soared over $100 a barrel, and stocks took a heavy beating. Yet, in the current scenario involving Israel and Hamas, the reaction has been surprisingly different.