What market and economics experts say about the US-Iran conflict

US and Israeli strikes against Iran roiled financial markets on Monday: oil prices surged, stocks were rattled, and safe havens moved as the conflict entered its third day. Top analysts warned the fallout could spill into the broader economy if the war drags on, though some see the overall economic impact so far as limited.

Paul Krugman drew a parallel with the 1979 Iranian revolution, arguing the stock market looks more like a bubble now and is thus more vulnerable to geopolitical shocks. He also pointed to risks from the private credit bubble and warned that disruption in the region could affect global finance, noting that 'Dubai in particular is an important node in the global financial system.' Mark Zandi highlighted immediate market moves, saying 'Global oil prices are up about $5 per barrel, and U.S.

stock prices are down about 1% in immediate reaction,' and warned higher oil will weigh on growth and push inflation higher, though he added the fallout could be limited if prices stabilize.

United States, Dubai

us-iran, oil prices, stock market, safe havens, paul krugman, mark zandi, private credit, dubai, global finance, inflation