Iran Draws a Line and Puts Markets on Notice
Clash in Gulf sends Brent, inflation expectations to landmark highs.
In Abu Dhabi, the ‘Make It in the Emirates’ show goes on.
Photographer: Fadel Senna/AFP/Getty
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The normal cycles of investing, finance and the economy seem almost inoperative. They’re overwhelmed by two huge shocks: the money pouring into making artificial intelligence a reality, and the hit to global oil supply from war in Iran. The former is somehow still outweighing the latter to leave US stocks near all-time highs.