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UBS On-Air: Paul Donovan Daily Audio 'Back on the see-saw'
Published 2 weeks, 2 days ago
Description
Oil prices moved to the lows of last Tuesday after a flurry of activity over the weekend. US President Trump called off military strikes against Iran—markets had not priced in military strikes anyway. An oil tanker then appeared to have been attacked near Oman. Trump then said talks with Iran would resume. Markets netted out these events and the optimism bias returned.