SGX
Rate Of ReturnA leaked US-Iran ceasefire framework draft proposes that the US lift its maritime blockade and carry out a partial troop withdrawal, while Iran restores Hormuz Strait commercial shipping within one month — crude oil prices slipped on the news and shipping risk premiums eased across Asian trade.
This news has led to a decline in energy stocks and gold prices.
Further developments remain to be seen. Is it a genuine information leak? Or is it a conspiracy theory driving market sentiment?
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