Iran Conflict Unpredictability Rocks Oil Markets
The ongoing conflict in Iran has oil markets entering uncharted territory, according to JPMorgan analysts. Natasha Kaneva and her team have expressed difficulty in establishing a base-case scenario for crude prices nearly seven months into the war.
Geopolitics remains a significant concern beyond oil. The US has granted visas to Iranian President Masoud Pezeshkian and Foreign Minister Abbas Araghchi to attend the UN General Assembly in New York next week, despite the ongoing conflict between Washington and Tehran.
The Tata Sons governance standoff is affecting the Indian market. Several Tata group stocks are under pressure due to a proposed buyback of part of the SP Group's stake in Tata Sons by Tata Trusts for a minimum gross consideration of ₹25,000 crore.