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UBS On-Air: Paul Donovan Daily Audio 'The economic “phony war”'
Published 4 days, 11 hours ago
Description
The US insists peace talks are taking place with Iran. Markets are inclined to be skeptical of US statements in the absence of Iranian verification. The US 15-point peace plan was rejected, which was not a surprise for investors. Investors’ attitude toward the US’s Friday deadline for reopening the Strait of Hormuz is to assume the same “flexibility” is applied to trade deal deadlines.