A contained market reaction
Against a backdrop of stalemate in the conflict, with the price of oil rising in line with announcements of the targeting of oil sites and fears of attacks on strategic sites, D.Trump sprang a surprise by announcing on Monday a postponement of the ultimatum issued to Iran for the reopening of the Strait of Hormuz, following what he described as constructive discussions with Iranian representatives. The price of oil eased immediately. However, the Iranians later denied that any talks had been held. The markets ended Monday slightly positive, taking these announcements with caution.
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