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Equities surge on renewed hops of de-escalation in the Gulf
Published 2 months, 3 weeks ago
Description
Hopes of a de-escalation in the U.S.-Iran conflict help push all three Wall Street majors into the green with the Nikkei and Kospi leading Asian stocks gains. U.S. President Trump has indicated he is ready to finish the conflict in Iran with ‘two or three weeks’ even without a deal on re-opening the Strait of Hormuz. However, Trump slammed NATO allies for refusing to provide aid in the conflict. He criticised France for blocking airspace access to U.S. war planes and the UK was challenged to source some of its own oil from the Persian Gulf.
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