No Data
Trump: The Strait of Hormuz will fully reopen on Friday, oil prices will 'fall further,' and the next focus will shift to the Russia-Ukraine issue.
Trump stated that Russia should reach an agreement with Ukraine; ships have already begun passing through the Strait of Hormuz, which will be fully reopened by the 19th, and he added that transit will be free once permanently opened. He reiterated that the U.S. and Iran have signed an agreement and that bilateral relations have been 'normalized,' noting plans to release the text of the agreement and submit it to Congress for review, with the second phase of negotiations expected to proceed on schedule. According to Xinhua News Agency, the U.S. has begun lifting its maritime blockade against Iran. Also according to Xinhua, Trump said that once current matters are resolved, he will shift his focus toward facilitating a resolution to the Russia-Ukraine issue.
When will the Strait of Hormuz reopen? G7 allies are pessimistic; a senior U.S. official says shipping activity could notably increase within two weeks, but a return to pre-conflict levels would take longer.
According to reports, senior U.S. officials stated that mines still remain in the strait and require clearance, and shipping companies differ in their tolerance for transit risks; although European allies have expressed willingness to participate in mine-clearing operations and strait patrols, they have all attached conditions and voiced concerns about the operational complexities involved.
Vance confidently stated: 'The United States holds the upper hand in subsequent negotiations!'
Following the preliminary ceasefire and verification framework agreement between the United States and Iran, U.S. Vice President Vance stated that although numerous technical details still need to be finalized before full implementation, the United States holds a position of clear advantage in subsequent negotiations.
Drawing ever closer, yet still failing to materialize! Morgan Stanley: The probability of a U.S.-Iran deal falling through is as high as 70%.
The U.S.-Iran conflict appears to be just one step away from resolution but continues to elude a final conclusion. A recent JPMorgan report warns that negotiations remain stuck in a state of 'perpetually approaching but never signing,' with only a 10% probability of an actual agreement being reached.
Oil prices may fall toward $70! JPMorgan: Global equity rotation is set to resume.
With a peace agreement between the U.S. and Iran imminent, JPMorgan strategist Ward expects oil prices to potentially drop to $70 in the coming weeks. She believes sustained downward pressure on oil prices would reignite the market rotation previously interrupted, providing tailwinds for equities; meanwhile, lower oil prices could create room for central banks to cut interest rates, offering additional support to stock valuations.
Express News | U.S. Senior Official: U.S. and Iran Have Signed a Memorandum of Understanding