Following Iran’s air attack on Israel, concerns have mounted that Israel may retaliate despite being advised by President Biden not to do so. Evercore ISI Vice Chairman Krishna Guha joins Yahoo Finance to discuss the likelihood of an Israeli counterattack.
Guha notes that the market’s reaction suggests "the risk of escalation may be coming down a bit." He observes that the way Iran launched the attack "seemed aimed at trying to send a signal, but not inflict serious damage and casualties in Israel." With Israel using US assistance to intercept the attacks, Guha believes Israel could "just take the win and step away." However, he acknowledges that Israel still has to weigh the pros and cons of "a retaliatory action."
Overall, Guha expresses the view that the "risks do seem to be moderating." While he states that it’s not a "clear-cut call" whether Israel will choose to retaliate, he would be "pleasantly surprised" if they ultimately decided against a military response.
#youtube #IRAN #ISRAEL
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