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Critical 93 Geopolitics marketwatch · 2026-11-05 10:23 UTC

A prolonged war in Iran is the market’s real ‘black swan,’ says this strategist

Alicia Levine, of BNY’s wealth management business, said markets have not priced in the possibility of the war in Iran lasting for a long time.

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VolFlash analysis 🔒 Direction Magnitude ●●●●○ Horizon Weeks VolFlash engine · 15842ms

Prolonged Iran war is an unpriced black swan

  • Strategist states markets have not priced long-dated Iran conflict
AssetBiasRationale
NYMEX Crude OilCL=F 🔒 Members only 🔒 Members only
CBOE Volatility IndexVIX 🔒 Members only 🔒 Members only
US 10-year Treasury yielUSGG10YR 🔒 Members only 🔒 Members only
🔒 2 more key points, asset bias and rationale are members-only · Unlock full analysis
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  • Brent crude futures
  • VIX index
  • 10-year TIPS yield
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Published:2026-11-05 10:23:37 · Source:marketwatch · Automatically aggregated and analysed — verify against the original source.