Turbulence in the Markets: Middle East Tensions and Market Reactions

In the aftermath of U.S. President Donald Trump's announcement of a Middle East truce, market watchers are closely monitoring reactions in European and global markets. Initial signs suggest stability in crude oil prices, while investors show cautious optimism that major disruptions have been avoided.

The security of Iran's oil infrastructure, particularly the Strait of Hormuz, has so far remained intact despite recent hostilities. However, discrepancies have emerged over the success of U.S. and Israeli air strikes on Iran, with conflicting reports about the impact on Iran's nuclear capabilities.

Simultaneously, political shifts in the U.S. witness Zohran Mamdani's unexpected victory over former Governor Andrew Cuomo in New York City's Democratic mayoral primary. Markets are set to focus on upcoming events like NATO summit discussions and fresh U.S. home sales data.

(With inputs from agencies.)