Markets To Stay On 'Knife-Edge' As Long As Hormuz Remains Closed, Warns Deutsche Bank
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Analysts warn that global markets will remain on high alert due to the ongoing closure of the Strait of Hormuz amid the U.S.-Iran war. Deutsche Bank's Jim Reid states that as long as the strait remains closed, markets will be unstable, leading to higher oil prices and global inflation risks. Recent optimism for a peace deal has diminished, and crude prices spiked after President Trump rejected Iran's response to a peace proposal. Saudi Aramco's CEO echoed concerns about energy market rebalancing, while the UK prepares naval escorts for the region.
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