Capital Economics: US-Iran negotiations have stalled, and market optimism may soon fade

According to Odaily, Jonas Goltermann, analyst at Capital Economics, stated that if the US-Iran standoff persists and the Strait of Hormuz remains essentially closed, the market's optimism for an imminent resolution to the Iran war may quickly begin to fade. The analyst said: “Negotiations to end the US-Iran war and reopen the Strait of Hormuz appear to be stalled once again, prompting global financial markets to take a cautious stance at the start of the new week. Time is not on the side of the optimists: with each passing day, disruptions to the energy market intensify, causing greater downstream damage to economies worldwide.” (Golden Ten Data)