Stocks Sharply Higher as President Trump Seeks to End Iran War
View original at nasdaq.comStocks Sharply Higher as President Trump Seeks to End Iran War The S&P 500 Index ($SPX) (SPY) on Monday closed up +1.15%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +1.38%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.22%…
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The US held productive talks on a comprehensive resolution of hostilities in the Middle East and that the discussion would continue throughout the week
60% confidenceThe ECB can do little about the inflation spike in the next few months, but if we judge that the risk of inflation remaining above our target for a prolonged period is significant, we will act with appropriate forcefulness to bring inflation back down to our target
60% confidenceThe war will continue until all damages to Iran are compensated, all economic sanctions are lifted, and legal international guarantees are obtained to prevent US interference in Iran
60% confidenceIran must fully open the Strait of Hormuz by Monday evening or the US will obliterate Iran's various power stations
60% confidenceStrikes against Iranian energy infrastructure and power plants would be postponed for five days following the start of talks with Iran to end the war
60% confidenceThe war against Iran is disrupting 7.5% of global oil supply, and the conflict will cut global oil supply by 8 million bpd this month
60% confidenceCrude prices could exceed the 2008 record high of close to $150 a barrel if flows through the Strait of Hormuz remain depressed through March
60% confidenceMore than 40 energy sites across nine countries in the Middle East have been severely or very severely damaged, potentially prolonging disruptions to global supply chains once the war in Iran ends
60% confidenceIf US attacks Iranian power plants, the headquarters and assets of financial entities that buy US Treasury bonds are legitimate targets for attack
60% confidenceIran would mine the entire Persian Gulf and block all access routes through the Strait if its power plants were attacked
60% confidence