Start Trading Now Get Started
Table of Contents
Affiliate Disclosure
Affiliate Disclosure DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker's track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.

Middle East Crisis Defuses?

By Dr. Mike Campbell
Dr. Mike Campbell is a British scientist and freelance writer. Mike got his doctorate in Ghent, Belgium and has worked in Belgium, France, Monaco and Austria since leaving the UK. As a writer, he specialises in business, science, medicine and environmental subjects.

Middle EastJust under a week ago, President Donald Trump authorised a drone strike near Bagdad airport which killed a senior Iranian general, Qaseem Suleimani. The act was an assassination of a senior figure in the armed services of a nation, Iran, with which the USA was not formally at war with. The justification of the act was that the general was the mastermind behind numerous terrorist attacks that Iran had sponsored through its surrogates and that the USA had intelligence suggesting that Suleimani was actively orchestrating another attack that would affect the US or its allies – in short, it was a justifiable act of “self-defence”.

Whatever the ins and outs of the justifiability of the attack, it was certain that Iran would engage in some form of retaliation against US interests either in the Middle East or further afield. The exact extent and nature of any reprisal attack brought with it the chance that the US would escalate the conflict – indeed, Trump publicly stated that the US had identified 50 targets some of which held cultural significance that would be struck in the event of Iranian retaliation. Events caused the price of crude oil to rise, stock markets to slip and forex investors to move to safe haven currencies.

The Iranians did engage in a direct strike against tow US and coalition bases in Iraq with missiles fired from within its own territory. A total of 16 missiles were fired from 3 locations within Iran at 02:00 local time on Wednesday. 11 weapons hit the air base in Al Asad, near Bagdad and at least one struck a base in Ibril. Whilst there was destruction of facilities and equipment, there were no reports of US or coalition personnel, a result US forces declared to be as a result of its early warning systems.

Both the US and Iranian authorities seem willing to draw a line under the episode, but tensions in the region remain high.

Dr. Mike Campbell
About Dr. Mike Campbell
Dr. Mike Campbell is a British scientist and freelance writer. Mike got his doctorate in Ghent, Belgium and has worked in Belgium, France, Monaco and Austria since leaving the UK. As a writer, he specialises in business, science, medicine and environmental subjects.
 

Most Visited Forex Broker Reviews