UBS On-Air: Paul Donovan Daily Audio 'Sliding into confusion'
UBS On-Air: Market Moves · Podcast owner
March 11, 20263m 2s
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Show Notes
The US administration’s current communication strategy is not entirely clear, but the consequence is volatility in financial markets. US Defense Secretary Hesgeth’s claims of escorting tankers through the Strait of Hormuz were denied. US President Trump’s warning against Iran mining the strait seemingly offered little deterrent. If the strait is mined, oil prices may stay higher for longer. IEA proposals to release a record quantity of strategic oil reserves kept oil prices calmer.