Premium'Is There An Off-Ramp?': JPMorgan Traders Remain 'Tactically Bearish' As Market Sees Just 50% Odds Of Ceasefire By May
The escalation in the Middle East has moved the world into the initial stages of an energy crisis.
The Strait of Hormuz also has a material impact on fertilizers, helium, and industrial chemicals; a food and manufacturing crisis seems likely to follow.