Stock Market
The Breakdown of the Ceasefire: Trump's Iran Policy and Market Reactions
724FinanceVolkan Şen
The collapse of the ceasefire between the US and Iran, and the outcome of the Ankara Summit in favor of Turkey, are creating a three-way tension in global markets. Brent crude oil prices surged 6% to above $78 after a two-day US attack wave. The yield on the US 10-year Treasury note rose to 4.57%. Sirens sounded in Kuwait and Bahrain in response to Iranian retaliatory attacks. An American investment bank calculated the forward price-earnings ratio of Nvidia shares at 18, below that of Hershey chocolate company. At the NATO Defense Industry Forum in Ankara, a $12 billion contract announcement and negotiations on the possible delivery of six F-35s to Turkey were announced, with Turkey's defense industry exports doubling in one year.