Markets are recalibrating for a long-term closure of the Strait of Hormuz and escalating tensions in Ukraine as Iranian internal political stability fractures.
Key Takeaways
- 1.The Strait of Hormuz is expected to remain closed through September as negotiations over Iran's nuclear program reach an impasse.
- 2.Iranian President Pezeshkian's resignation suggests significant internal conflict between the civilian government and hardline IRGC factions.
- 3.The Ukraine war risks escalating further into Europe following a Russian drone strike in NATO member Romania.
Table of Contents
- Market comment
- Week ahead
- Global Economics & Markets
- FX Strategy
- Fixed Income Strategy
- Agri Commodity Markets
- Energy Markets
- Client coverage
- Disclaimer
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Authors
Benjamin Picton
Securities
Brent Crude FuturesS&P 500XAUUS 10-Year Treasury
Themes
Geopolitical Stalemate in the Middle EastInternal Iranian Political InstabilityMarket Resignation to Higher Energy and Yields
Regions
Middle EastEuropeNorth AmericaUnited StatesIranAustralia