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Investors brace for a 'long grind' as Iran war escalation dims hopes of an early end
As hostilities in the Middle East flare up again, investors are increasingly grappling with the possibility of a prolonged conflict and pricing in a "long grind." The latest escalation comes after U.S. Central Command struck Iranian military targets, drawing retaliation from Tehran, which attacked Gulf countries on Thursday. U.S. futures were up, though markets in Asia were broadly lower.