Following what appeared to be a market tease before the weekend regarding the potential “winding down” of military operations, President Trump delivered an ultimatum to Iran that poses a risk of escalating the conflict. A 48-hour ultimatum has been issued, set to expire around 7:45 pm today. If the Strait of Hormuz remains closed, there Read More
Amid ongoing tensions, there are reports of increased oil movement through the Strait of Hormuz, as well as through alternative pipelines that circumvent this critical chokepoint. President Trump is once more suggesting that the conflict may conclude soon. Second, Japanese Prime Minister Takaichi is in Washington today. It would be fascinating to observe as she Read More
The US dollar is exhibiting a stronger position today relative to the majority of G10 currencies. The prevailing consolidative/corrective tone persists. The outcomes of the meetings held by the European Central Bank and the Bank of England are currently anticipated. Neither central bank is expected to take action, which enhances the influence of the commentary. Read More
