With the calm of global capital markets shattered in the past two weeks, the ongoing military conflict in the Middle East has taken an understandable back seat to monetary matters. And yet, tensions involving Syria, Iran and Israel continue to escalate, most notably with this weekend’s outright attack by Israel on Syria, allegedly in retaliation for an Iranian drone launch from a Syrian army base, and which led to the first downing of an Israeli F-16 jet in decades.
Yet what has so far prevented the proxy way from spinning out of control, was that Putin – as guarantor of the Syria-Iran axis on one hand, and Netanyahu as his nemesis on the other, had expressed restraint. For now.
That may change, however, following a Reuters report that Russian fighters were among those killed when U.S.-led coalition forces clashed with pro-government forces in Syria earlier this month.…..more here