It’s a fucked war but people gotta remember that Iran postures as hard as anyone, it’s what countries do. The entire Middle East more or less happily helped out, and MBS has been egging trump on to attack Iran. It’s no secret the Saudi government doesn’t like the Iranian government. Obviously Israel wanted this too. But it’s crazy to act like Iran got along with the Arab states in recent history. Realistic people in the Arab states want it to stop, and they’re blaming their own govt for getting involved, Iran for striking them, and US/israel for kicking it off. I get that Iran would hit US bases but targeting civilian buildings in Qatar or Kuwait isn’t cool. Those are just every day people who had no say in this.
That's definitely a factor. I think it is a bit irrational since everyone with eyes and a functioning brain can see that the US govt is far more erratic and unpredictable these days and has shown willingness to intervene in markets, yet US stocks are not discounted to account for this.