# UBS On-Air: Paul Donovan Daily Audio 'War and trade war costs'

Page: https://stenobird.com/podcast/ubs-on-air-market-moves-2992243/ubs-on-air-paul-donovan-daily-audio-war-and-trade-war-costs
Text version: https://stenobird.com/podcast/ubs-on-air-market-moves-2992243/ubs-on-air-paul-donovan-daily-audio-war-and-trade-war-costs.md
Podcast: [UBS On-Air: Market Moves](https://stenobird.com/podcast/ubs-on-air-market-moves-2992243)
Published: 2026-06-02T07:21:00+00:00
Episode link: https://www.ubs.com/content/dam/podcasts/wma/260602-war-and-trade-war-costs.mp3
Audio file: https://www.ubs.com/content/dam/podcasts/wma/260602-war-and-trade-war-costs.mp3
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JSON: https://stenobird.com/v1/public/podcasts/ubs-on-air-market-moves-2992243/episodes/ubs-on-air-paul-donovan-daily-audio-war-and-trade-war-costs
Duration seconds: 174

## Resource

Another day, another round of Gulf war stories—the latest originated from semi-official Iranian sources, so markets took them more seriously. Iran’s apparent suspension of negotiations with the US prompted US President Trump to attempt a ceasefire between Israel and Hezbollah. Market opinions differ as to the terms and effectiveness of this.

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## Transcript

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