Israel Strike on Iran Sparks Risk Off Sentiment; Iran Retaliates
Oil spikes and stocks sell off after Israel launched a broad offensive on Iranian military and nuclear targets overnight. Iran retaliates and blames the US for Israel's attack, while the US denies any involvement. Nadia Martin Wiggen of Svelland Capital sees further gains in crude prices amid risks of escalation in the conflict. Thomas Wagner of Knighthead Capital Management, speaking at Le Mans, says the Fed needs to cut given inflation is below target and concerns over growth persist. (Source: Bloomberg)
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