‘Starmer is no Churchill’ and ‘Mideast energy shock batters markets’
The Financial Times details how the war in the Middle East has “shaken global markets”; He points to a 3% drop in European stock markets and the closure of Iraq’s oil fields due to Iranian threats to tankers passing through the Strait of Hormuz. The article quotes Peter Schaffrik, global macro strategist at RBC Capital Markets, as saying the market appears to be “mentally shifting from a short war to a long war.”
