Israel’s Retaliation Suggests De-Escalation, But Tensions Will Persist
Country Risk / Middle East / Fri 19 Apr, 2024
Key View
- The limited nature of Israel’s retaliation against Iran on April 18/19, and Iran’s muted response, suggest that both sides are seeking to de-escalate tensions, which is now the likeliest scenario.
- Indeed, the reaction in oil markets was muted, and oil price futures are already declining. If Israel and Iran remain on this de-escalatory path