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Iran’s Promise of Payback Keeps World Markets on Edge

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“Iran vowed retaliation and kept up attacks on Israel following the US strikes on its nuclear facilities over the weekend, fueling fears of a wider war in the Middle East and rattling global markets,” Bloomberg reports.

Reuters: “Iran’s most effective threat to hurt the West would probably be to restrict global oil flows from the Gulf. Oil prices spiked on Monday at their highest since January. But they have not yet shot up to crisis levels, indicating that traders see a path out of the conflict that avoids serious disruption.”

Axios: Iran parliament reportedly backs closing Strait of Hormuz, which could spike oil prices.

Wall Street Journal: The 6 miles of water keeping global markets on edge.

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About Political Wire

goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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