Nouriel Roubini: Has the war in West Asia finally torpedoed the efficient market hypothesis?
But this scenario is not very likely, because the regime can withstand economic pain far longer than Trump can (given the looming midterms). Moreover, the two sides remain far apart on many issues, not just Iran’s nuclear ambitions. The US objects to Iran’s ballistic missile and drone programmes, its support for radical Islamist groups across West Asia, the tolls that it wants to impose on Hormuz traffic, and other matters.
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