This past week, the U.S. conducted airstrikes in Iran, raising the stakes in an already simmering Middle East,

and raising important questions about the U.S.'s involvement and the U.S. economy going forward.

Today, we're taking a look at how the evolving situation in the Middle East and how military conflicts in general could play out in the U.S. economy and the

housing market.

Hey everyone, it's Dave.

Welcome to On the Market.

It's no secret by now that this past weekend saw rapidly changing dynamics in the Middle

East as the U.S. struck

three nuclear sites within Iran in support of Israel's two-week-old war with the regional

power. And of course, I am recording this on Tuesday, June 24th. The situation is evolving

very rapidly. The initial airstrikes happened this past Friday. Then on

Monday we saw Iran sort of give this cursory response where they fired some missiles at our base in

Qatar. And then as of Monday night and Tuesday morning, President Trump announced a ceasefire,

which at least as of this recording,

seems to be in place but has been a little bit shaky, so we're just not exactly sure

where the situation is going right now. But that said, this situation does raise a lot of

questions about what military conflicts mean for the broader U.S. economy in

general. Because as of right now, we don't know if this situation is going to be done. Perhaps

this ceasefire holds and diplomacy prevails and there's not much more to this story. Or the U.S. could get dragged into

either a long war of attrition where the U.S. is supporting Israel financially, or maybe this

actually becomes a more direct military conflict. At this point, we don't know. But what we can do

and what we can talk about is some of the things that you should be thinking

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