Morning Update: An 11th-hour ceasefire in Iran

A two-week ceasefire was agreed between the U.S., Israel and Iran (14 days), reducing near-term geopolitical escalation risk. Hungary's presidential election and Canada outlining next steps in its space program were also highlighted. The short duration of the truce limits confidence; monitor energy and defense-related assets for potential short-term repricing.

Analysis

A two-week ceasefire was agreed between the U.S., Israel and Iran (14 days), reducing near-term geopolitical escalation risk. Hungary's presidential election and Canada outlining next steps in its space program were also highlighted. The short duration of the truce limits confidence; monitor energy and defense-related assets for potential short-term repricing.