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Franklin Templeton's Rich Nuzum warns that financial markets are underestimating the inflationary impact of the Middle East conflict. He believes investors are mispricing the risk, which could have serious economic consequences. Geopolitical tensions in the region remain a key source of uncertainty.

Franklin Templeton's Rich Nuzum says the markets are "underestimating the impact" of the inflationary effects of the Middle East conflict. (Source: Bloomberg)