Gulf Arab states and European leaders estimate that a peace agreement between the U.S. and Iran could take around six months to finalize, urging both parties to extend the current ceasefire to facilitate negotiations. Despite recent military actions, Gulf states remain skeptical about Iran’s nuclear ambitions and are advocating for terms that would prevent uranium enrichment and ban long-range missile development. A critical demand is the reopening of the Strait of Hormuz, as its closure could exacerbate a global food crisis and lead to rising energy prices.
The potential for prolonged conflict and the uncertainty surrounding the negotiations have already impacted oil prices, which have rebounded to $100 per barrel. This volatility is likely to influence market sentiment, particularly in the energy sector, where stocks are performing strongly.
Market professionals should closely monitor developments in the U.S.-Iran negotiations, as any delays or escalations could affect energy prices and broader market dynamics in the coming months.
Source: xtb.com