Just read some american news websites for past time. They are saying trump wants to start a war before elections. Now if this is only an iran skirmish then markets should be ok. But if trump needs to do a war for the elections then we might see some sell off as trump loosing isnt good for markets.
Also if its only some trade war sort of war to show trump as symbol of peace then again markets should be fine.
ya, that's why no strong reaction till Friday.
Iran-US tit-for-tat would go on. just like with China.
but the Iraq threat changes the game, with a resolution of US troops to go, for us Crude can be a real problem. Iraq is also a pretty large supplier.
Can only watch what will happen next but far more to chew on than a binary event.