Morgan Stanley Strategist: Geopolitical Sell-Offs Typically Fade Quickly

According to Bloomberg, Morgan Stanley strategist Wilson said that although the U.S. strike on Iranian nuclear facilities has dominated headlines, sell-offs triggered by geopolitical events are usually short-lived. Market reaction was relatively mild after the U.S. joined Israel in the attacks over the weekend, with Brent crude oil prices rising as much as 5.7% at one point, but giving up most of those gains on Monday. However, Iran may respond to the escalation by disrupting navigation in the Strait of Hormuz, a key shipping lane for global oil and gas. [ChainCatcher]