Gold Sachs CEO, David Solomon, has expressed surprise at the "benign" reaction in financial markets over the Iran war, suggesting it may take a few weeks to fully digest the impacts of the conflict. He also noted that markets tend to react in a muted way to geopolitical events without significant impact on economic growth. Despite this, Solomon noted that an easing monetary cycle and significant relaxation of regulatory practices have helped keep the U.S. economy in good shape. The widening conflict in the Middle East has fueled rising oil prices and concerns about inflation.