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Stock impact report

The fog of war [Globe and Mail, The (Toronto, Canada)]

Franklin Resources, Inc. (BEN) 
Last franklin resources, inc. earnings: 4/30 08:30 am Check Earnings Report
U.S President Trump has indicated that military activities might last as long as a month. The declared objective is to drastically degrade Iran's military capabilities and potentially trigger a change of regime. Iran's initial reaction has included wide-ranging attacks on other countries in the region, including not just U.S. military bases but also civilian targets and oil facilities in Saudi Arabia, the United Arab Emirates, Bahrain, Kuwait, Jordan and Qatar. Whether the attacks escalate further or moderate remains to be seen. How all this plays out will shape the economic fallout and the impact on financial markets. My initial read of the economic and market impact is as follows: 1. Oil prices. The obvious primary channel of impact will be through oil prices. Shipping traffic through the Strait of Hormuz has been essentially halted. This constitutes a significant curtailment to oil supply, but in the short term we have some mitigating factors: Oil markets entered this crisis Show less Read more
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