ING: The market remains overly optimistic about the end of the Middle East conflict, but risks persist

Golden Ten Data, May 11 – ING strategists stated in a report that the market remains optimistic about a final end to the Middle East war, but the risk of renewed escalation still exists. They pointed out: “The market tends to focus more on positive news regarding the Middle East, but we still see the risk of further escalation, especially after the US recently rejected Iran’s proposal.” The strategists stated: “Even if the US and Iran eventually reach an agreement and the Strait of Hormuz is fully reopened, we believe that the market and supply situation cannot return to normal immediately.”