Financial markets have rallied following a preliminary truce agreement between the US and Iran aimed at reopening the Strait of Hormuz. Despite the market optimism and improved credit spreads, significant geopolitical implementation risks remain.
Key Takeaways
- 1.The US and Iran have announced a preliminary agreement to halt hostilities and reopen the Strait of Hormuz.
- 2.Financial markets have reacted positively to the truce, evidenced by lower oil prices and tighter CDS spreads in the GCC.
- 3.Implementation risk remains high as Israel is not a party to the deal and continues its Lebanon campaign.
Table of Contents
- Conflict update
- Oil
- CDS
- Stock/other Markets
- Investment flows
- Real economy
- Market Movement
- Policy Rate and CPI
- Stock and Bond Market
- T-Spread and CDS
- Crude Oil Spot and Futures Market Price
- Capital Market Investment Flow
- Transportation
- Maritime
- Airline
- Natixis CIB Research
- Disclaimer
Document Preview
Access the Full Report
Get unlimited access to institutional research reports with a 14-day free trial.
Authors
Jean-François RobinAlicia Garcia HerreroTrinh NguyenJianwei XUKohei IwaharaGary NgHaoxin Mu
Securities
Brent Crude Futures
Themes
Geopolitical De-escalationEnergy Market SensitivityCapital Flow Recovery
Regions
Middle EastIranUnited StatesSaudi Arabia