The race to avert a US-Iran war

Financial Times
February 19, 2026
AI-Generated Deep Dive Summary
The race to prevent a US-Iran conflict has entered a critical phase, with both sides engaging in heightened military preparations and increasingly tense rhetoric. The situation presents a narrow window for diplomatic efforts aimed at avoiding escalation while allowing both nations to preserve their international standing. As tensions rise, global markets remain on edge, with significant implications for business and finance. The article highlights the growing economic stakes of a potential conflict, particularly in the oil-rich Persian Gulf region. Any military confrontation could disrupt oil supplies, causing sharp spikes in prices that would reverberate worldwide. Businesses reliant on stable energy supplies are closely monitoring developments, while investors weigh the risks of market volatility against the potential for diplomatic breakthroughs. From a business perspective, the situation underscores the interconnectedness of global markets and the delicate balance required to maintain economic stability. A US-Iran war could also complicate international trade relations, disrupt supply chains, and strain diplomatic ties with broader implications for global commerce. Companies operating in regions affected by such tensions face heightened uncertainty, which can impact decision-making, expansion plans, and financial performance. The article emphasizes the importance of maintaining open channels of communication and diplomacy to avert a catastrophic outcome. It also stresses the need for stakeholders to navigate this volatile landscape with caution, considering both immediate risks and long-term economic consequences. As the situation evolves, businesses must remain attuned to shifting geopolitical dynamics to safeguard their interests and adapt to emerging challenges.
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Originally published on Financial Times on 2/19/2026