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Kea Tu Macro: US-Iran negotiations reach a deadlock, market optimism may fade quickly
Odaily Planet Daily reported that Citigroup macro analyst Jonas Gortman said that if the U.S.-Iran standoff continues and the Strait of Hormuz remains essentially closed, market optimism that the Iran war will soon be resolved may quickly begin to fade. The analyst said, “Negotiations to end the U.S.-Iran war and reopen the Strait of Hormuz appear to have once again hit a dead end, causing global financial markets to take a cautious approach at the start of the new week. Time is not on the side of optimists: each passing day will intensify disruptions in the energy markets, thereby inflicting greater downstream damage on economies worldwide.”(Jin10)