Market News and Commentary – Wall Street Underground

By Nick Guarino | September 27, 2019

Trump’s Iran-Saudi Arabia Dilemma

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The president is in the difficult position of either backing down in the face of Iranian threats and suspected attacks or escalating the conflict in ways he clearly wants to avoid. It seems clear that President Trump is keen to avoid the slippery slope toward conflict that might result from a robust military response against Iran.

The administration knows that failing to respond to such a brazen attack would only embolden Tehran, but Trump also knows that attacking Iran militarily could lead to a wider conflict, a global energy crisis, rising U.S. gas prices, an election-year recession, and anger among his political base.

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