UK PM Starmer reaffirmed that the war in the Middle East is not our war and will not be dragged into the conflict. Exploring every diplomatic avenue to reopen Hormuz
Starmer's assertion that the UK will not engage in the Middle Eastern conflict indicates a stabilizing stance that could limit market volatility stemming from regional tensions.
[MARKET ANALYSIS] DXY slips on a "de-escalation" trade, ADP Employment ahead
[MARKET ANALYSIS] Crude softer but off lows; metals mostly firmer
UK PM Starmer reaffirmed that the war in the Middle East is not our war and will not be dragged into the conflict. Exploring every diplomatic avenue to reopen Hormuz
ECB's Stournaras says if oil prices rise over USD 150/bbl Europe could face a recession
The US is negotiating with Denmark for access to three additional bases in Greenland, NYT reports
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His focus on exploring diplomatic solutions, particularly regarding the Strait of Hormuz, suggests a priority on maintaining energy supply routes, which may alleviate pressure on oil prices. This sentiment could be bullish for risk assets while supporting steadiness in related commodities and currency markets.
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