The chief geopolitical strategist of the Commonwealth Bank of Australia, Madison Cartright, has cautioned that the conflict in the Middle East is expected to persist “at least until June.”
He asserted that President Donald Trump of the US will be unable to withdraw unilaterally from his military engagement with Iran.
Cartright indicated that “we should not anticipate a recurrence of the Taco trade (or ‘Trump Always Chickens Out’) that characterized his coercive trade strategies.”
He further explained that “The authority to impose tariff policy rests with the president. However, he cannot independently determine the conclusion of the conflict with Iran.”
As Australia’s national cabinet convenes to formulate a cohesive strategy to address the fuel crisis, Cartwright articulated the necessity for federal and state leaders to prepare for an extended conflict that could deplete the nation’s limited fuel supplies.
He made it clear that any sustainable resolution to conclude the war must involve both Israel and Iran.
He went on, “Currently, there is a lack of common ground between the demands of Iran and those of the United States. Additionally, a divide exists between the US and Israel.
“Should the US withdraw from the conflict before achieving its goals, it is likely that Israel will continue the military engagement.
“Furthermore, there is no assurance that Iran will reopen the Strait of Hormuz if the US were to exit the conflict abruptly without first negotiating a favorable agreement for Iran.”
Oil price: Iran war may last till June – Commonwealth Bank chief, Cartright
