Why the Iranian airstrike could harm Europe and Asia more than the United States

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<p class = "Canvas Atom Canvas Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Oil prices rose on Friday after President Trump hit a Air strikes had ordered that killed Iran's powerful military commander, Qasem Soleimani.says& nbsp; it will "do everything necessary" for Iran, says Academy Securities Macro Strategy Director Peter Tchir that the US economy will be relatively immune to escalation. "data-reactid =" 15 "> Oil prices rose on Friday after the presidential surge Trump ordered an airstrike that killed Iran's powerful military commander, Qasem Soleimani, while the government says that" everything necessary has been done against Iran. " ", said Peter Tchir, head of macro strategy at Academy Securities, that the US economy will be relatively immune to escalation.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "" I firmly believe that higher oil prices are generally good for the US economy now, ”Tchir told Yahoo Finance.The tickeron Friday. “We have enough people here who depend on the oil business, so I'm pretty happy with that. If anything, one thing I change a little is my global perspective. I expected Europe and maybe Asia to outperform the United States this year. I think they are much more exposed to higher oil prices. "" Data-reactid = "16"> "I firmly believe that higher oil prices are now generally good for the US economy," Tchir told Yahoo Finance & # 39; s The Ticker on Friday: "We have here enough people who depend on the oil business, I agree with that. If anything, one thing I change a little is my global perspective. I was expecting Europe and maybe Asia to outperform the US this year. I think they are much more exposed to higher oil prices. "

Women took part in the funeral procession of Iraqi paramilitary chief Abu Mahdi al-Muhandis (poster-R), Iranian military commander Qasem Soleimani (poster-L) and eight other women in the al-Jadriya district near the capital, Baghdad. Green Zone of Security, January 4, 2020. – Thousands of Iraqis who sang "Death to America" ​​took part in the funeral procession for Iranian military commanders Qasem Soleimani and Muhandis, both of whom were killed in a US airstrike. The group set out for Kadhimiya, a Shiite pilgrimage district in Baghdad, before heading to the government and diplomatic district of the Green Zone, where a state funeral with high-ranking officials was to be held. A total of 10 people – five Iraqis and five Iranians – were killed on Friday morning during a US strike on their motorcade in front of Baghdad Airport. (Photo by AHMAD AL-RUBAYE / AFP) (Photo by AHMAD AL-RUBAYE / AFP via Getty Images)

The US is a net exporter of energy, while China, Japan and Europe have to import their energy, according to Tchir. And they get most of their energy from the part of the world that will be affected by the airstrike, he said.

Higher energy prices will "affect their economies … faster than ours," he noted. "I think it will be more of a disadvantage for their economy … I think we are doing well. Certain countries will do very, very well with higher energy prices."

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Brent-Futures (BZ = F) rose more than 3.5% on Friday, the highest increase since drone attacks on Saudi Arabia's oil facilities in September. "data-reactid =" 39 "> Brent futures (BZ = F) rose more than 3.5% on Friday, the highest surge since drones attacked Saudi Arabia's oil facilities in September.

"What I like to do is take a few chips off the table – maybe I want to put $ 1 or 2 into energy for every $ 4 or $ 5 you take off the table," says Tchir. "So I think once we get that over with, we'll see global economic growth."

Tchir also says investors shouldn't worry about Iran taking retaliatory measures on the Strait of Hormuz.

"We don't think that's very likely," explains Tchir. “It's an area that's pretty well delineated. We believe that a malfunction can be rectified very quickly. They are also aware that this will only cause the US to escalate further. "

However, increasing tensions in the Middle East are not the only markets that are developing differently. Investors look forward to January 15 when President Trump is also expected to sign a trade between the United States and China.

"A decent amount is priced in, which is why I'm unfortunately expecting to hear some negative news about trading sometime in January," says Tchir. "It's usually the way the president likes to negotiate, isn't it? You stir the pot, you cause some confusion and you all annoy that it may not happen. Whatever happens, you will get a bigger win later. "

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "Follow Yahoo Finance on & nbsp;Twitter.Facebook.Instagram.Flipboard.Smart News.LinkedIn.YouTube, andreddit,"data-reactid =" 65 ">Follow Yahoo Finance on Twitter. Facebook. Instagram. Flipboard. Smart News. LinkedIn. Youtube, and reddit,