Iran Attack: Oh, No, More Global Uncertainty

Essentially, it's uncertainty which is clogging up business decision-making worldwide. That is having negative impacts on demand in sectors ranging from management consulting at Accenture and McKinsey to the M&A practices in law firms such as Kirkland & Ellis and Paul Weiss. 

Now, the attack on Iran has escalated the uncertainty.  For example, Iran could:

" ... close the Strait of Hormuz, fully or partly, by attacking shipping or by laying mines. That could be a blow to the world economy, for one-quarter of the world’s oil passes through the strait."

Just anticipating that can raise oil prices. 

Added on those economic possibilities are the geopolitical ones of how both Iran and other nations will respond to the US actions.

Pile on the fear in major American cities of a direct hit by Iran or terrorist allies.  

All global systems as well as those in the US are in play.

Of course, as I tell clients: Chaos can be opportunity. 

UPDATE:

One thing has become certain. Iran has closed the Strait of Hormuz. That could put one-fifth of oil supply at risk.

Rattled by the uncertainty? Faith-based Career Coaching. Special expertise with transitions, reskilling and aging. Psychic/tarot readings, upon request. Complimentary consultation with Jane Genova (Text 203-468-8579, janegenova374@gmail.com). Yes, test out the chemistry.