If the U.S. were to attack Iran, the most immediate effect would likely be a sharp spike in oil prices, since about 20 percent of global oil passes through the Strait of Hormuz. This would push inflation up globally and slow economic growth. In terms of currencies, the U.S. dollar would likely strengthen as a safe haven, while the Iranian rial and other emerging market currencies would probably weaken significantly, as capital flows out and inflation risks rise. Overall, it would create broad financial instability.
Wag the dog scenario. E files need a new subject to take the heat off. How about a war? The chf and jpy are usually safe havens. But they both import their oil. The kiwi and aud should suffer. The gbp should suffer.. The euro should suffer over oil. The length of time suffers, the longer the more oil inflation for the importers.
the cad benefits from higher oil
Wag the dog scenario. E files need a new subject to take the heat off. How about a war? The chf and jpy are usually safe havens. But they both import their oil. The kiwi and aud should suffer. The gbp should suffer.. The euro should suffer over oil. The length of time suffers, the longer the more oil inflation for the importers.
the cad benefits from higher oil
those who can, do. those who cant, talk about those who can
1