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      “Strait” back to chaos…

      “Strait” back to chaos…
      1. Edge Account
      2. Market Analysis
      3. “Strait” back to chaos…
      • Iran closes Strait of Hormuz over the weekend
      • US seizes Iranian-flagged vessels by force in Gulf
      • Oil benchmarks surge on renewed geopolitical risk
      • Equity markets flash red on risk aversion


      Here we go again…


      Over the weekend, Iran closed the Strait of Hormuz again in response to the US maintaining its blockade.


      This chaotic development resulted in Iran rejecting the second round of talks with Trump, who threatened to “knock out” all Iranian power plants.


      Note: Second round of peace talks is scheduled to take place on Tuesday.


      Things worsened after the US seized Iranian-flagged vessels by force in the Gulf, essentially jeopardizing talks to end the war.


      Soaring tensions over this critical chokepoint threaten to deepen the energy crisis already rocking the global economy.


      And such was reflected on Sunday when markets opened with sharp gaps from Friday’s close.

      • WTI: ↑ 9%
      • BRENT: ↑ 8%
      • USDInd: ↑ 0.3%
      • XAUUSD: ↓ 1.5%

      Note: Performance shown represents the gap from Friday’s close.


      What next?

      Uncertainty is set to remain the name of the game as markets tread carefully amid the deepening conflict.


      This is likely to weigh on global equities while prompting investors to seek safe-haven destinations.



      Nevertheless, market sensitivity to developments in the Middle East could trigger extreme price swings in either direction.


       So, any whiff of US-Iran peace talks resuming may bring equity bulls back into the game. 

      Trump
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      Exinity Limited, with registration number C119470 C1/GBL and registration address at 5th Floor, NEX Tower, Rue du Savoir, Cybercity, 72201 Ebene, Republic of Mauritius is regulated by the Financial Services Commission of the Republic of Mauritius with an Investment Dealer License with license number C113012295, licensed by the Financial Sector Conduct Authority (FSCA) of South Africa, with FSP No. 50320 and is a licensed Over the Counter Derivative Provider. Exinity Works (CY) Ltd, with registration number HE 351684 and registered address Agiou Athanasiou 30, Ksenos Building, Floors 2-5, Agios Athanasios, Limassol, 4102, Cyprus. Exinity Works (CY) Ltd does not engage in any regulated financial or investment activities.

      Risk Warning: Trading Leveraged Financial instruments involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. The value of shares can fall as well as rise, which could mean getting back less than you originally put in. Past performance does not guarantee future results. Before trading, take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. It is the responsibility of the client to ascertain whether they are permitted to use the services of Exinity brand based on the legal requirements in their country of residence.

      Please read our full Risk Disclosure.

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