UBS On-Air: Paul Donovan Daily Audio 'Diminished guidance'
About this episode
The episode discusses US President Trump's social media posts regarding commercial shipping in the Strait of Hormuz and the subsequent market reactions.
US President Trump posted on social media that the US will “guide” commercial shipping through the Strait of Hormuz. Media reports suggest this will not involve naval escorts. Iran’s parliamentary security committee head Aziz called the posts delusional. The oil market reaction gives weight to the Iranian view. US gasoline prices are approaching USD 4.5 per US gallon, which is an incentive for the administration to use calming rhetoric to guide markets. This has less impact as the point of physical shortages moves closer.
Topics covered
- oil market
- US politics
- shipping
- Iran relations
- gasoline prices
Keywords
- Trump
- Strait of Hormuz
- oil market
- gasoline prices
- Iran
Mentioned in this episode
Organizations: Iran, US
Places: Strait of Hormuz, US, Iran, US
More episodes of UBS On-Air: Market Moves
- Top of the Morning: CIO Strategy Snapshot - Investment goes boom
- UBS On-Air: Paul Donovan Daily Audio 'Ceasing the ceasefire?'
- Top of the Morning: What is the FIRE movement?
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