The U.S.-Iran relationship goes to be “very precarious” because the two countries attempt to find a replacement balance which will provide a way of security, the chief executive of an advisory firm said on Tuesday.
Tensions between the the U.S. and Iran escalated in early January after an American airstrike in Baghdad killed Iran’s top military commander Qasem Soleimani. Tehran retaliated by attacking U.S. targets in Iraq, but both countries now appear to possess backed faraway from further military actions.
“They’re trying to seek out this new balance, which goes to be very precarious over the approaching months,” David Young, CEO of Oxford Analytica, told CNBC’s “Capital Connection.”
“If you check out a standard conflict, nobody really wants that,” Young said. “That is not a win for anyone.” “I’m not saying conflict is off the table, but there’s this back and forth,” he said. “Both countries and the region as an entire is trying to seek out out what that new equilibrium is, which will provide a way of security also as economic opportunity moving forward.”