What happened: Before the US-Israeli strike, President Trump and his advisers dismissed potential risks to energy markets, focusing on removing Iran's leadership. They misjudged how Iran would respond.
Why it matters:
- Energy markets experienced instability due to unexpected Iranian reactions.
- US foreign policy and regional security were affected by the miscalculation.
MNN Take: The administration prioritised its strategic goals over short-term economic concerns, leading to unforeseen consequences in the region and global markets.
Sources: NYTimes US