This article will as promised attempt to assess some probable consequences for investors of the US and Israeli attacks on Iran.
Looking for a precedent
Given that I was a teenager, just into working life, when the Yom Kippur War of late 1973 kicked off, it is no surprise that it is firmly printed in my memory. I specifically recall buying petrol for my 50cc moped with a ration book! That time period has plenty in common with what might be developing now, although it must immediately be noted that there have been some distinct structural changes in the global economy over the more than half century that has elapsed, more of which later.
As a starting point let’s take advantage of AI to get a summary of what happened then. Here is text from MS CoPilot, lightly edited by me.
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