Key insights
- US strikes on Iranian missile sites and boats in the Strait of Hormuz create geopolitical risk, potentially disrupting oil supply. While back-channel talks continue, the strikes highlight instability and could lead to higher energy prices, negatively impacting US equities due to inflationary pressures and increased uncertainty.
US secretary of state Marco Rubio said Washington’s back-channel talks with Iran would continue after American forces carried out strikes targeting Iranian missile launch sites and boats in the Strait of Hormuz. The US attacks late on Monday underlined the tenuous nature of mediation efforts to finalise an agreement that would extend a ceasefire by 60 days, reopen the strait and lay the foundation for talks on Iran’s nuclear programmes.
https://www.ft.com/content/eec48003-35a8-4932-bac0-573cdaade0e5?syn-25a6b1a6=1