Trump's fresh Iran threats give investors a risk-off reality check [BNN Bloomberg (Canada)]
StoneX Group Inc. (SNEX)
Company Research
Source: BNN Bloomberg
Global markets recoiled on Thursday, with stocks and bond prices sliding, oil surging and the dollar firming after Trump gave little clarity on when the conflict might end. Trump said the U.S. military had nearly accomplished its goals in Iran, but that it would continue to hit targets over the next two to three weeks and did not say how the Strait of Hormuz, a key shipping route blocked by Iran, might be reopened. “I don't think there was an awful lot in the speech per se, apart from the fact that they're going to keep bombing for the next two to three weeks,” said Mike Houlahan, director of Electus Financial Ltd in Auckland. “That pushes out the resolution timeframe farther,” he said. “The next question is because he's extended it, confirmed it's going to take another two to three weeks, does that put added pressure on the fuel supply chain?” Big letdown for investors Investors had pinned their hopes on an end to the conflict after comments from Trump earlier in the week,
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