The Head of the United Nations says the Middle East is now on the brink of a full-scale conflict. Israel is weighing up its response after Iran's massive drone and missiles attack at the weekend. Subscribe: Read more here:
Rabobank Senior Macro Strategist Ben Picton says a wider war in the Middle East will have significant implications for the global economy, leading to higher energy prices that will feed into inflation.
He also says given the volatile global environment; he expects to see more spending on defence in the upcoming May budget.
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