Emerging Equities Touch Record High as Iran Deal Takes Effect

Emerging-market equities hit a record high as shipping began to resume in the Strait of Hormuz, easing a key geopolitical and supply-chain risk. The reopening path points to lower global oil prices, which is supportive for risk assets and import-dependent economies. The move has broad market implications because the Strait is a critical chokepoint for energy flows.

Analysis

Emerging-market equities hit a record high as shipping began to resume in the Strait of Hormuz, easing a key geopolitical and supply-chain risk. The reopening path points to lower global oil prices, which is supportive for risk assets and import-dependent economies. The move has broad market implications because the Strait is a critical chokepoint for energy flows.