Middle East War Has Achieved Little, AMP Says

Dow Jones

07/17

0711 GMT - The resumption of the Middle East war begs the question of what has been achieved, says Shane Oliver, chief economist at AMP. Iran is arguably now stronger having proved it can block the strait, its government is more hardline, there is no resolution to its nuclear ambitions and it still has missiles and drones, he adds. There are parallels with the Ukraine and Vietnam wars that showed a superior military power can be challenged, though they didn't threaten the global economy to the same degree, he adds. (james.glynn@wsj.com; X @JamesGlynnWSJ)

(END) Dow Jones Newswires

July 17, 2026 03:11 ET (07:11 GMT)

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