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Oil/War/Economy
May 10, 2018

Could Middle East conflict become a regionwide war, escalating into global involvement?

''A long-standing fear is that open military conflict among the Middle East's dominant players will devolve into a regionwide conflict that drags global powers into war.

A series of rocket exchanges between Iran and Israel along the Syrian border on Thursday may confirm what many feared: The U.S. exit from the Iran nuclear deal will inflame regional rivalries and heighten the risk of open conflict in the Middle East.

Israel launched a deadly attack on Iranian positions in Syria on Thursday, responding to an earlier rocket attack by Iran's forces on the Golan Heights, a border area Israel captured from Syria in 1967. Iran's attack itself followed several strikes by Israel on its bases in Syria, where the Iranians are supporting President Bashar Assad in the nation's long-burning civil war.

The earlier Israeli strikes came both before and after President Donald Trump announced he is withdrawing the United States from the 2015 Iran nuclear deal and restoring wide-ranging sanctions aimed at crippling the Iranian economy. Thursday's rocket exchange came just two days after Trump's announcement.''

*This information is solely an excerpt of a third-party publication and is incomplete. Please subscribe to the referenced publication for the full article. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.

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