XOM - Analyst Warns Of 'Serious Escalatory Tit-For-Tat Cycle' If Iran Strikes Back Raising Fears Of 'Wider War' In Middle East | Benzinga
Amid rising tensions in the Middle East, Helima Croft predicts “serious Iranian retaliation” that could lead to broader regional conflict.
What Happened: On Thursday, Croft, an analyst at RBC Capital Markets, expressed concerns over the potential repercussions of the recent escalation in the Middle East.
During CNBC “Last Call,” Croft warned, “We are bracing for serious Iranian retaliation.”
“You could see a serious escalatory tit-for-tat cycle that leads to a wider war in the region.”
Croft added that Iran has the potential to repeat its playbook from 2019 when it allegedly attacked oil tankers in the Strait of Hormuz, a critical waterway for oil import and export. She expressed that Iran only needs to launch attacks on a few oil tankers to push the oil prices higher.
"We are bracing for serious Iranian retaliation," says @CroftHelima as geopolitical tensions in the Middle East impact markets. "You ...