Fresh risks
All said, looking at the near-term picture, market participants believe sentiment has swung from positive to negative after the US President Donald Trump’s latest remarks on the Iran ceasefire. Volatility, which had eased after the June ceasefire announcement, picked up after Trump said, “I think it’s over,” at a joint press conference with North Atlantic Treaty Organization chief Mark Rutte, as the US and Iran accused each other of violating the ceasefire.
