UBS On-Air: Paul Donovan Daily Audio 'Public and private unpredictability'

US policy in the Gulf war has been unpredictable, but publicly unpredictable. Yesterday’s retreat from“guiding”ships through the Strait of Hormuz was a public decision. The pressures of rising gasoline prices in the US economy are publicly visible. However, investors also need to know Iranian policy, which is privately unpredictable. The forces pressuring the Iranian government are difficult to determine.