This deadline that President Trump has set, 8pm, has threatened to destroy a civilization.
How does an investor process that?
Is it a bigger upside risk or downside risk?
You might have seen this clip on socials.
It's from the US financial network CNBC.
Is it a bigger upside risk or downside risk?
Is a threat to destroy a civilization an upside or a downside risk for an investor?
At its most crass, economic coverage of a war can sound a bit like that clip.
The war in Iran and Lebanon is a human tragedy.
It can be uncomfortable to talk about its economic effects on the rest of us.
It's the people who are being bombed who are suffering the most.
Nevertheless, war has far-reaching global consequences.
And the economic shockwaves are hitting us all.
And that's what we'll focus on in this episode.
For the BBC, I'm Tristan Redmond in London.
And today on The Global Story, whether the ceasefire holds or not,
are we only seeing the beginning of the economic effects of this war?
Okay, well, I'm very pleased to say that we 're joined today by Sean Farrington,
who 's the presenter of the BBC's Wake Up To Money program.
And if you're watching this on YouTube, you may be experiencing something of a doppelganger situation.