A war in the Middle East that will constrain the flow of critical commodities through a geostrategic bottleneck could seem like a compelling opportunity wrapped in a crisis. Wall Street sophisticates would call this kind of event a "special situation" or something similar.
Failed peace talks in Islamabad, Pakistan, and the subsequent imposition of a U.S. blockade "point to a more prolonged conflict rather than a quick de-escalation," BCA Research Chief Strategist Felix Vezina-Poirier writes. Negotiations are complicated by the U.S.'s insistence that Iran terminate operations to enrich uranium.
