President Trump will deliver a rare primetime address on Iran as a five-week conflict has largely shuttered the Strait of Hormuz, raising uncertainty about how long military action will continue. Expect renewed risk-off positioning, upward pressure on oil prices and shipping-risk premia, and heightened volatility across global equities and EM assets heading into the address.
President Trump will deliver a rare primetime address on Iran as a five-week conflict has largely shuttered the Strait of Hormuz, raising uncertainty about how long military action will continue. Expect renewed risk-off positioning, upward pressure on oil prices and shipping-risk premia, and heightened volatility across global equities and EM assets heading into the address.
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