"Trump has sprung his usual surprise on markets, pausing strikes on energy infrastructure as a result of successful talks. But this leaves big questions unanswered - Hormuz remains closed, the damage to energy infrastructure is still there and it is unclear whether air strikes on other targets will continue."
"While this was the headline investors have been hoping for, the fact that Brent has rebounded back above 100 dollars shows that markets remain sceptical."
Oil prices dropped sharply, with Brent crude falling by up to 10% after the U.S. postponed strikes on Iran's energy infrastructure. The price stabilized around $104 per barrel. Financial markets showed volatility, with London's FTSE 100 experiencing a significant drop before closing slightly lower. European markets rebounded, with Germany's DAX and France's CAC 40 rising after early losses. Analysts cautioned that market sensitivity to Gulf developments would likely continue, indicating ongoing volatility until a resolution is achieved.
Read at London Business News | Londonlovesbusiness.com
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