No Strategic Spillover In The Middle East

2024-08-01 02:18:12

(MENAFN- Asia Times) The killing of Hamas leader Ismail Haniyeh in Tehran early Wednesday followed by the targeted assassination of Hezbollah commander Fuad Shukr prompted headlines warning of wider conflict in the Middle East.

The price of oil rose by US$3. Gold had traded somewhat higher prior to the killing of Haniyeh, but did not move on the news. The muted market reaction is appropriate.

Although Iran will fulminate over the killing of a Hamas leader visiting Tehran for the inauguration of its new president, the Shiite Regime in Tehran will not risk important assets to avenge a Sunni troublemaker.

Graphic: Asia Times

China's relaxed view of the situation is worth highlighting. The Observer (guancha), a private news website that often reflects government views, interviewed Professor Fan Hongda of the Shanghai International Studies University.

MENAFN01082024000159011032ID1108503275

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.