Aggression feeds a sense that the US is operating outside global norms and helps to fuel a more complex currency outlook
Donald Trump’s attack on Iran, with its puerile Pentagon nametag, Operation Epic Fury, is another show of violent force from a bullish administration.
Aside from unleashing fresh instability across the Middle East, the strikes add to the sense of a US operating with little regard for international law or global norms – as with Trump’s on-off tariff regime, and the attack on Venezuela.