A two-week conditional ceasefire between the U.S. and Iran has forced a rapid rewrite of the Strait of Hormuz trade, but it has not fully restored the pre-war macro backdrop. Oil has fallen sharply from the panic highs, global equities…
A two-week conditional ceasefire between the U.S. and Iran has forced a rapid rewrite of the Strait of Hormuz trade, but it has not fully restored the pre-war macro backdrop. Oil has fallen sharply from the panic highs, global equities…