🚨 Major development in Iran file.
Pakistan and Iran announced significant progress in talks, focusing on reducing tensions, reopening the Strait of Hormuz, and reaching an end to the conflict through negotiations.
If this progress turns into a real agreement, it could be good news for markets; easing tensions means less pressure on oil and an improvement in risk appetite.
But for now, we are still waiting for details and official confirmations before saying the crisis is over.
#KazakhstanCutsOilOutputForecastTo96MTons
#JapanNoAdditionalOilReserveReleaseInSepOct
#OilHoldsLosses
Pakistan and Iran announced significant progress in talks, focusing on reducing tensions, reopening the Strait of Hormuz, and reaching an end to the conflict through negotiations.
If this progress turns into a real agreement, it could be good news for markets; easing tensions means less pressure on oil and an improvement in risk appetite.
But for now, we are still waiting for details and official confirmations before saying the crisis is over.
#KazakhstanCutsOilOutputForecastTo96MTons
#JapanNoAdditionalOilReserveReleaseInSepOct
#OilHoldsLosses
