World has entered 'forever war' like situation where there is unlikely any quick responses, Mosaic Asset Management CEO and Co-Founder Maneesh Dangi said.
As far as Israel and Iran war's impact on markets is concerned, it will be substantial only if oil supplies get affected. Strait of Hormuz is a real transmission channel for international oil markets, he said.
From reaction point of you, Iran can block Strait of Hormuz, he said. He suggested to keep an eye on oil prices to gauge what awaits in this conflict.
On June 13, Brent crude's benchmark August contract jumped 13.18% to $78.50 a barrel after Israel launched air strikes in strategic locations of Iran. The prices consolidated significantly when US said Thursday that it was going to take two weeks' time to decide to be involved in the current conflict.
US has attacked Iran's nuclear facilities early Sunday and claimed that the entire nuclear program is obliterated. Iran and Israel have launched fresh attacks against each other following US's action.
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