Are markets positioning themselves for a regional war in the Middle East? | The Business | ABC News

Israel and the US are on high alert an Iranian attack could happen 'as soon as this week'.
Fears of war have been stoked as crude oil futures went up a percent overnight, sparking concerns markets are positioning themselves for a wider war in the Middle East.
Israel's defense minister has claimed Iran's military preparations suggest an attack is imminent, while an international diplomatic effort is trying to prevent a large-scale Iranian attack on Israel.
Tensions and the widening conflict since the October 7 Hamas attacks on Israel have already weighed heavily on trade.
Michael Every, Global Strategist for Rabobank, says the crude oil futures figures are a warning sign of further possible volatility.
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