Saxo Market Call Market quickly recovering from Operation Midnight Hammer
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Jun 23, 2025 The podcast dives into the U.S. bombing of Iran's nuclear facilities and its limited impact on global markets. It discusses the resilience of crude oil prices amid geopolitical uncertainty and examines threats to shipping lanes. Key insights reveal potential disruptions in the Strait of Hormuz and their implications for oil and gold markets. Additionally, it touches on changing consumer behaviors and the pressures on currency performance, particularly in light of rising energy costs.
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Limited Market Reaction to Strike
- The U.S. strike on Iran's nuclear sites dramatically raises geopolitical stakes without causing lasting market turmoil.
- Market reactions were brief, with crude oil and NASDAQ prices returning close to pre-event levels.
Strait of Hormuz Blockade Risks
- Market focus centers on Iran's potential to block the Strait of Hormuz, impacting global oil supply.
- Strategic pipelines in Saudi Arabia and UAE can mitigate disruptions, making full blockade unlikely.
Oil Prices Include Geopolitical Premium
- Current crude oil prices carry an inflated $10 risk premium driven by geopolitical concerns.
- Without fresh negative developments, prices tend to drift down nearer $70 due to ample supply.