UBS On-Air: Paul Donovan Daily Audio 'The economic “phony war”'
UBS On-Air: Market Moves · Podcast owner
March 26, 20262m 34s
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Show Notes
The US insists peace talks are taking place with Iran. Markets are inclined to be skeptical of US statements in the absence of Iranian verification. The US 15-point peace plan was rejected, which was not a surprise for investors. Investors’ attitude toward the US’s Friday deadline for reopening the Strait of Hormuz is to assume the same “flexibility” is applied to trade deal deadlines.