How the Iran War Could Trigger a Global Credit Crunch

The Iran war’s shock to oil and gas prices has, understandably, dominated much of the recent market news. Though the downstream effects have yet to be fully understood, there is no question that we are in the throes of the greatest energy crisis in modern history, with significant implications for every facet of the modern economy. One particular aspect that is just beginning to be appreciated is the financial one. The onset of this latest Persian Gulf war is poised to severely disrupt a channel of liquid investment, known as…