The Iran war will damage the petrodollar
Grand bargain that has underpinned US Treasury demand since 1974 is coming undone
Grand bargain that has underpinned US Treasury demand since 1974 is coming undone

Iran is reviewing a Washington-backed peace proposal while Trump says conflict will end if both sides strike agreement

Bank sees risks of surge in government borrowing costs and of hit to ‘rich’ asset prices

Conflict will intensify the mounting global debt and inflation risks

US president soothes markets but doubts on strategy and Tehran’s position persist

Tehran has a strong incentive to keep the conflict going

Iranians fear Trump’s threats against “whole civilization” are part of an onslaught on fabric of nation