Mohamed El-Erian, a teacher at The Wharton School and chief economic advisor at Allianz, was on ‘Squawk Box’ to discuss news about President Donald Trump postponing potential attacks on Iran’s power infrastructure.
During a conversation shown on CNBC, El-Erian pointed out the larger backdrop of the situation, noting previous actions by Israel that could have impacted the current scenario.
He clarified that the foundation for increased tensions had been established before any decisions made by the U.S.
He stated, “Israel began striking Iran’s electricity sources earlier, so they were ready for an escalation.” See More In Details…