The unfazed response from Middle East markets offers hope that the fallout for other global markets may not be dramatic, says Vasu Menon, managing director of investment strategy, wealth management at OCBC.
Over the weekend, the US surprised many by undertaking an unprecedented attack on three Iranian nuclear facilities — including the deep-underground Fordow, which was impenetrable except with advanced bunker-busting bombs that only the US possesses. 14 of such bombs were used in the weekend attack.
According to US President Donald Trump, the attack destroyed Iran’s enrichment capabilities and nuclear programme. Trump also threatened further attacks if Iran retaliates.
