Wealth managers reshuffle portfolios as US and Israel go to war with Iran
Top private banks and asset managers are fleeing risk for safe havens as the US-Israel war against Iran triggers a spike in oil prices and systemic geopolitical risk.
The escalating war between the US, Israel, and Iran has sent wealth managers scrambling to protect global portfolios across all asset classes. With the Strait of Hormuz now a potential battleground for 20% of the world’s oil, investment houses are moving fast to hedge against a massive energy shock and the rising risk of global stagflation.
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