State Street Global Advisors: Renewed Middle East Conflict Unlikely to Change Market Outlook

```htmlGolden Ten Data reported on July 9 that Elliot Hentov, Chief Macro Policy Strategist at State Street Global Advisors, stated that the renewed escalation of conflict in the Middle East is unlikely to fundamentally change the market outlook. Hentov said that since April, there have been almost no new developments regarding the parties’ willingness to engage in war or the likelihood of intensifying tensions. He explained that, simply put, neither side seeks a full restoration of hostile relations, so the conflict may eventually subside. In the spring war scenario forecast by State Street Global Advisors, the company assumes that Brent crude oil prices will be around $80 per barrel for the remainder of the year, reflecting the residual risks inherent in any ceasefire.```