Winners and Losers From US, Iran Ceasefire Deal

A two-week ceasefire agreement was reached, but Chatham House MENA Director Sanam Vakil says it leaves the US, Iran and Israel without a settlement and 'still in the fog of war.' The deal is temporary and preserves substantive geopolitical risk, likely sustaining risk premia in energy and safe-haven assets and keeping market volatility elevated until a durable settlement emerges.

Analysis

A two-week ceasefire agreement was reached, but Chatham House MENA Director Sanam Vakil says it leaves the US, Iran and Israel without a settlement and 'still in the fog of war.' The deal is temporary and preserves substantive geopolitical risk, likely sustaining risk premia in energy and safe-haven assets and keeping market volatility elevated until a durable settlement emerges.