US President Trump is unlikely to accept Iran's plan, according to CNN citing sources; reopening the strait without resolving the nuclear issues could remove a key piece of US leverage
The report on President Trump's stance regarding Iran's plan signals potential for escalating tensions, which could affect energy markets, particularly oil prices as the Strait of Hormuz is a critical chokepoint.
China added 2.99mln new urban jobs in Q1, according to State Media
[MARKET ANALYSIS] Crude futures gain as US agreement to Iran's proposal becomes unlikely
US President Trump is unlikely to accept Iran's plan, according to CNN citing sources; reopening the strait without resolving the nuclear issues could remove a key piece of US leverage
BYD (1211 HK) has drawn EU criticism over allegations of labour abuse at its Hungary factory, according to CNBC
[MARKET ANALYSIS] Fixed income contained, with focus now on the BoJ and its outlook report
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If the U.S. fails to leverage this situation to negotiate on nuclear issues, it may weaken their strategic position and exacerbate geopolitical risk, influencing both equities and safe-haven asset flows like gold.
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