The extension of the ceasefire between Washington and Tehran has temporarily stabilized financial markets this Wednesday. But behind this lull, major stock markets remain hesitant.
Europe opened this morning on a relatively calm note : Paris was up 0.33%, Frankfurt 0.50%, Milan 0.31%, and the London Stock Exchange was nearly flat at +0.07%.
Oil prices are falling but remain near $100
Donald Trump’s decision to extend the truce with Iran has offered investors a respite. This announcement comes as the Strait of Hormuz remains disrupted and the U.S. blockade of Iranian ports continues, maintaining a high level of tension.
Despite this context, the markets are not getting carried away. Caution prevails, as the slightest breakdown in negotiations could immediately reignite fears about global energy supplies.
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