Iran & US Argue Over Terms, Economic Risks Grow, More

Iran and the US are at odds over terms, heightening geopolitical tensions and increasing economic downside risk. Expect near-term risk-off moves: higher oil-price volatility, pressure on emerging-market FX and sovereign spreads, and flows into safe-haven assets until clarity on terms is achieved.

Analysis

Iran and the US are at odds over terms, heightening geopolitical tensions and increasing economic downside risk. Expect near-term risk-off moves: higher oil-price volatility, pressure on emerging-market FX and sovereign spreads, and flows into safe-haven assets until clarity on terms is achieved.