Economist Justin Wolfers argued that surging oil prices and bond market turmoil stemming from the ongoing conflict in the Middle East could result in a political risk ahead of the November midterm elections.
In Sunday’s post on X, Wolfer said, “As it becomes increasingly clear that the mess in the Middle East will continue through to the midterms, I can’t help but wonder when the Republican Congress will step in — to save their own jobs.”
Middle East Crisis
The Middle East crisis seems far from ending soon. In the latest development, President Donald Trump warned Iran of the stalled peace negotiations, stating that the “clock is ticking” and urging swift action or severe consequences.
The conflict, which began in February …
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