Risk of new energy shock as escalating US-Iran hostilities shake fragile ceasefire | The Business
Rabobank’s global strategist Michael Every has dubbed the latest clash between the US and Iran a “PeaceFire”.
Mr Every says the US President Donald Trump has so far declared that a peace deal is close on dozens of occasions.
The Rabobank analyst says there’s a real possibility of no binding deal until the US midterm elections in November.
The Prime Minister has acknowledged the difficulties for global markets after the latest US strikes on Iran.
The US described its attacks against Iranian targets near the Strait of Hormuz as proportional, after the downing of an American Apache helicopter by an Iranian drone.
Despite that Brent crude had nudged only slightly higher to around $US91 a barrel.
#ABCBusiness
Subscribe: http://ab.co/1svxLVE
Read more here:
Note: In most cases, our captions are auto-generated.
#ABCNEWS #ABCNEWSAustralia
