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Why Wall Street thinks the Middle East conflict will not become a wider war.

I'm David Brancaccio in Los Angeles. As you've been hearing, the situation in the Israel-Iran war is fluid,

with Israel now accusing Iran of violating a ceasefire that President Trump had announced late yesterday. Israel is vowing firm retaliation.

Now, players in financial markets continue to take a wait-in-see position. Although crude oil is off its lows from overnight, the price is still down, 2.7%, 6665 a barrel. And stock index

futures are at the moment, at least, pointing to a strong open on Wall Street. Nasdaq futures

are up 1%. S&P futures are up 8 tenths percent. I spoke to political risk expert Ian Bremmer

before Trump asserted the war was over and

indications that it is not. Bremer is founder and president of Eurasia Group. I started with this question.

Why, oh, why, are financial markets relatively calm in the face of, I'll say it, war?

Because of the three belligerents that are fighting right now, the Iranians are actually the

most risk-averse. And it's because, as Trump says, they don't have the cards. They understand

that they can't deter the Americans and the Israelis, and there's very little they can

do to damage the Americans and the Israelis. And that means that as long as their regime is

stable and solid. And for now, at least, that appears to be the case. They're very cautious

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