CoinWorld News reports that analyst Chris Iggo of AXA Investment Managers stated in a report that, due to tight energy supplies and high prices, the credit ratings of major oil-importing countries face downward risk. Since the outbreak of the Middle East war, oil prices have remained high due to supply disruptions caused by the blockade of the crucial Strait of Hormuz. Investors are awaiting the results of negotiations this weekend between the U.S. and Iran regarding the possibility of a permanent resolution to the conflict.

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