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UBS On-Air: Paul Donovan Daily Audio 'Could go up, could go down'
Published 1 month, 1 week ago
Description
Fresh US-Iran hostilities pushed oil prices higher, to levels experienced when the memorandum of misunderstanding was signed (10% above pre-war levels). Markets question the strength of the US position, allowing the optimism bias to cling on. Global behavior adapted during the war, mitigating the economic damage of renewed hostilities.