Israel and Iran same old, same old?

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Markets are half-panicked by the latest Middle East war.

Oil Israel’s attacks on Iranian air defense systems and nuclear capabilities re-opens awide range of possible avenues via which oil supply could be disrupted.

Importantly, it may also derail the process of US-Iran nuclear deal talks which were scheduled to continue in Oman on Sunday, although these had run into an impass eover whether Iran could be allowed to maintain uranium enrichment facilities with a deal.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.