The renewed escalation of conflict in the Middle East has once again reminded investors how quickly geopolitical risk can translate into market volatility and potentially economic stress. In recent months, markets have reacted sharply to developments in the region—through spikes in oil prices, heightened equity volatility, periodic liquidity stress across global assets and early evidence of higher inflation.

While the headlines are new, the underlying challenge is not: how to protect capital without abandoning long-term growth objectives.