Emerging-market stocks and currencies rose as oil prices fell on signs the US and Iran were nearing a deal to reopen the Strait of Hormuz. The prospect of reduced geopolitical risk and easier energy supply supports risk assets and pressures crude prices lower. The move is broad-based and likely relevant across EM currencies and energy-linked markets.
Emerging-market stocks and currencies rose as oil prices fell on signs the US and Iran were nearing a deal to reopen the Strait of Hormuz. The prospect of reduced geopolitical risk and easier energy supply supports risk assets and pressures crude prices lower. The move is broad-based and likely relevant across EM currencies and energy-linked markets.
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Request DemoOverall Sentiment
mildly positive
Sentiment Score
0.25
