Just charts: The US-Iran war v2
Key takeaways:
- Oil prices continued to climb despite extension of ceasefire, pricing in a longer closure of the Straits.
- But markets continue to price through the crisis with Malaysian tech rallying in recent weeks, latching on to positive earnings reporting (including the US).
Latest updates:
- Ceasefire extended by 3 weeks to facilitate negotiations, but both US and Iranian blockades of the Strait persist.
- The US has seized 3 ships linked to Iran while Iran has seized two containerships and another is reported stranded.
This week's chart: Malaysia auto sales - EV/ICE divergence
Tanker crossings: only 2 in the past 7 days
Crude oil prices: rising despite ceasefire extension
LNG prices: back up again
Malaysian pump prices: stable
Jet fuel prices: stabilizing
Copper: stabilising
Aluminium: continues to rise
CPO vs SBO
Yields - Expanding again
Sectoral indices: Tech rally continues
