Analysts warn US-Iran conflict is a 'Zombie War' that could keep global inflation high
By Aboki Forex —
Analysts have described the ongoing conflict between the United States and Iran as a 'Zombie War'. They say it could keep global inflation elevated and expose the limits of U.S. military and economic leverage.
The analysts spoke on the latest edition of the Drinks and Mics Podcast, hosted by Ugo Obi-Chukwu. They argued that the prolonged conflict has become difficult to resolve. Peace negotiations have repeatedly stalled. Both sides are struggling to find a clear exit route.
Iran and Israel had said on Monday they had suspended attacks on one another at the request of US President Donald Trump. But the plan was short-lived. Attacks continued moments later.
Reacting to reports of a setback in U.S.-Iran negotiations, Arnold Dublin-Green, MD/CEO of Asset Management at Renaissance Capital Africa, said a lasting deal was always unlikely because of the complexity of the conflict.
'For me, it's just so difficult and so complex to actually come to a deal. And there are just too many parties involved. I never imagined that whatever deal would happen would actually last long. So I'm not surprised at the U-turn,' Dublin-Green said.
Oluwapelumi Joseph, Director of Finance at DAI, also argued that the U.S. entered the war without clear objectives.