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Iran could be the flashpoint for market dislocation

Blain’s Morning Porridge Feb 24th, 2026: Iran could be the flashpoint for market dislocation

“Do not defy the fates and bring shame on Rome.”

Markets aren’t much concerned about Iran. US Military might is expected to prevail, cowing the Ayatollahs into acceptance of Trump’s maximalist demands. What could possibly go wrong? Trump is no student of history, and may not understand the gamut of military, logistical and geopolitical risks aligned against him.

Does the markets’ fixation on AI mean they are missing what might be main event?

In 53 BC Marcus Licinius Crassus, the senior member of the…

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