Israel made a huge mistake and will be punished for that.People will not forget the blood of ‘martyrs’ and the attack on their territory.They should know that Iran will not surrender and any US strike will have serious irreparable consequences.Those who know Iran’s history know that Iranians do not answer well to language of threat.Iran will not accept an imposed peace or war.
There’s nothing here other than the usual threats. The market is focusing on the potential direct US involvement in the conflict and possible disruption to oil supply in the Strait of Hormuz. The latter risk is the biggest one on a macro perpective.
This article was written by Giuseppe Dellamotta at www.forexlive.com.