economic commentary
June 30, 2025 - Tensions Amplify With Israel/Iran Conflict
Geo-political tensions escalated at the end of the second quarter as the on-going conflict between Israel and Iran worsened. Concerns over Iran’s nuclear program prompted Israel to launch a series of strikes against Iran’s nuclear, military and other strategic assets. This prompted retaliation on the part of Iran as it proceeded to attack Israeli citizens with long-range missiles and explosive drones. The U.S. subsequently got involved and bombed three nuclear sites in Iran. A temporary ceasefire was agreed to in late June. In addition to the re-emergence of this conflict, the Russia/Ukraine war continues, adding further uncertainty to the global geo-political environment.
