US stock benchmarks gapped down at the weekly open as the US-Iran ceasefire weakened, signaling a renewed geopolitical risk shock. Crude oil rebounded above $100 amid fears that talks have deteriorated and a blockade in Hormuz may be imminent, a setup that is likely to pressure equities and lift energy prices broadly.
US stock benchmarks gapped down at the weekly open as the US-Iran ceasefire weakened, signaling a renewed geopolitical risk shock. Crude oil rebounded above $100 amid fears that talks have deteriorated and a blockade in Hormuz may be imminent, a setup that is likely to pressure equities and lift energy prices broadly.
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strongly negative
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