The stakes are enormous: how a prolonged Iran war could shock the global economy

Donald Trumps little excursion is likely to have long-term effects, from oil prices to inflation to growth, say expertsIn the days after the US and Israel first bombed Iran, financial markets bet the economic fallout from Donald Trumps little excursion in the Middle East would be short-lived.There are risks from higher oil prices longer term. But this is a tail risk, one US-based fund manger said after the airstrike killing Irans supreme leader, Ayatollah Ali Khamenei. History has shown time and...