Aggression feeds a sense that the US is operating outside global norms and helps to fuel a more complex currency outlook
What the US-Israeli attacks on Iran mean for oil prices
Donald Trump’s attack on Iran, with its puerile Pentagon nametag, Operation Epic Fury, is another show of violent force from a bullish administration.
Aside from unleashing fresh instability across the Middle East, the strikes add to the sense of a US operating with little regard for international law or global norms – as with Trump’s on-off tariff regime, and the attack on Venezuela.
In the financial sphere, that is only likely to add weight to an incremental but historic shift away from the global dominance of the US currency, and towards a more complex world, that may be less to Washington’s liking.
