Nobel-winning economist 'worried' Iran war may trigger US financial crisis: 'Not alarmist'

A financial crisis could be looming because of Donald Trump's administration and their actions in Iran, an economist has claimed.

The president confirmed strikes on Iran earlier this week with a Truth Social post, but the longer-term effects of such a strike will unravel in the coming weeks. Nobel Prize winner Paul Krugman believes a dangerous precedent has been set with the bombing of Iran, and that it could bring financial instability to the US.

In his Substack, Krugman pointed...