‘As long as the Strait of Hormuz stays closed, markets remain on a knife-edge,’ Deutsche Bank warns

The potential closure of the Strait of Hormuz is causing market instability, acting as a key factor in escalating tensions between the US and Iran. President Trump strongly opposes Iran’s peace proposals, demanding the complete elimination of Iran’s nuclear and military capabilities. Israel also stated that the war will not end until Iran’s nuclear program and supporting armed forces are eliminated.