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Oil held a drop, with the US and Iran looking to arrange a second round of peace talks in the coming days, as a blockade of the Strait of Hormuz continued to impede energy supplies vital for the world economy.
Source
Bloomberg Markets
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As the US and Iran weigh a second round of peace talks in Pakistan, Miller Center Senior Fellow Mara Rudman breaks down the major sticking points. She discusses whether both nations can move past the disagreements to reach a way forward to reopen the Strait of Hormuz. (Source: Bloomberg)
HSBC Private Bank and Premier Wealth has downgraded emerging Asian equities and slashed exposure to India, while raising allocations to gold, cash and hedge funds on Iran war risks and oil price shocks.
Asia-Pacific markets track overnight gains in U.S. stocks on lower oil prices amid hopes of a Iran-U.S. deal
The announcement comes amid concerns from investors about Lucid’s ability to stay afloat.
