There are five big concerns rights bothering me right now about the US conflict with Iran. The fact that the US thinks it's won because it's destroyed buildings and killed the leadership, when the revolutionary guards have a distributed command structure, are loyal to the government and then to local factions, and no-one there is interested in negotiating with an untrustable opposite party, is beyond sane comprehension. Yeah Trumpy, bomb go bang, but that doesn't mean you've won. But that's not a concern - finding out Trump is dim is not news.
Issues - all of which affect the markets and the world - are:
(I) whereabout and destination of their near-weapons grade plutonium - this will be gently finding its way into terrorist hands.
(ii) the capriciousness of Trump, who when he starts to realise the reality of the situation, won't hesitate to authorise nuclear weapons with something along the lines of "if you're not prepared to use them then they're not a deterrent are they"
(iii) the long-term closure of the Straits - it only take a couple of people in a rib with an RPG to close it down - keeping oil prices very high for a long time causing major economic damage on the west
(iv) terrorism on US soil leading to the declaration of martial law and no mid-term elections. He's looking for any excuse to do this.
(v) financial disaster for many who have substantial assets they need to access in the next 6 months that are in the stock markets.
I could add in Hesketh making it a crusade or the sycophancy of the advisories team, but again those are not new developments.....