Those involved in business need to keep their eye on the right ball. Iran might continue to dominate the headlines, but it’s tariffs that will affect the bottom line, says Tim Hames

Political events can have an enormous sense of drama, while distracting from what really matters. This is likely to prove the case for Donald Trump over this summer. A month ago, few commentators argued that Iran and its nuclear ambitions would become the story of international politics and involve a direct American military intervention against Tehran. Now that this has happened, there is the temptation to assume that the “what happens next?” question in the Middle East will become all-consuming, the issue that keeps the lights on late at the White House, on Air Force One, and at Mr Trump’s favoured Florida retreat.

What might instead be witnessed in terms of the United States, Iran, Israel and others (despite their public........

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