Wyn Thomas - Axys Investment Management

Weekly Market Commentary 21st June 2019

TRUMP REVERSES COURSE ON IRAN

This week tensions between the US and Iran almost boiled over into full blown conflict; President Trump launched strikes against Iranian radar and missile installations, only to call them back at the last moment. Whilst overt hostility was avoided this time, it seems inevitable that the cold war turns hot eventually. The Trump administration, led by national security adviser John Bolton who was instrumental in the Iraq war, is pursuing a policy of trying to crush Iran economically to force regime change; the regime is unlikely to go willingly. Read more…