UBS On-Air: Paul Donovan Daily Audio 'Gulf proposals'
About this episode
The episode discusses Iran's proposed terms to the US regarding the Strait of Hormuz and the implications for US politics and market reactions.
Media reports suggest Iran’s government has proposed terms to the US to allow a reopening of the Strait of Hormuz. Markets’ bias to optimism produced a positive reaction. The terms apparently defer nuclear discussions, which may be a problem for the US administration. Recent polls gave US President Trump very weak approval ratings over the US affordability crisis, suggesting there could be political pressures to return to the pre-war position in the Gulf.
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