The Guardian - Donald Trumpmp;#146;s mp;#145;little excursionmp;#146; is likely to have long-term effects, from oil prices to inflation to growth, say experts. In the days after the US and Israel first bombed Iran, financial markets bet the economic fallout from Donald Trumpmp;#146;s mp;#147;little excursionmp;#148; in the Middle East would be short-lived.mp;#147;There are risks from higher oil prices longer term. But this is a tail risk,mp;#148; one US-based fund manger said after the airstrike killing Iranmp;#146;s supreme leader, Ayatollah Ali Khamenei.