Iran & Haitong Futures

Iran: Iran's deadlocked talks with the US over the interim deal and the Strait of Hormuz blockade continue to underpin oil prices, but no progress was reported, keeping supply risks elevated.

Haitong Futures: Haitong Futures analysts commented on deteriorating navigation safety and reduced shipping transparency, affecting market tracking.

Iran: Iran's actions, including striking sites in nearby countries and issuing maps for safe passage, directly contribute to the instability and restrictions in the Strait of Hormuz. Iran also suggested it would be 'unreasonable' to proceed with peace talks due to Israel's actions.

Haitong Futures: Haitong Futures provided analysis on the doubts surrounding the ceasefire's viability, contributing to market sentiment.

Haitong Futures: Haitong Futures provided analysis on the potential for renewed escalation in the conflict between the United States and Iran, and its impact on oil prices.