Jefferies: Iran’s endurance is higher than expected, ending the war is more complicated than Trump thinks

Golden Ten Data reported on March 23 that Mohit Kumar, Jefferies Global Economist, stated in a report that if the Iran-Iraq war is used as a reference for Iran's attitude, Iran's tolerance for pain is far higher than many analysts expect. In addition, the end of negotiations and war may be much more complicated than what U.S. President Trump envisioned. Since this war may last longer than investors expect, we may see further adjustments in risk asset prices, and the level of attention to stagflation/recession risks will be higher than the current situation. Because investors originally expected the war to end quickly, many asset positions have not been properly adjusted and may still require some adjustments.