Analyst: Interest rates are extremely sensitive to energy prices, and rates will drop significantly after the reopening of navigation in the Strait of Hormuz.

```htmlGolden Ten Data reported on May 19 that Louis Navellier, an analyst at Navellier & Associates, stated in a report that interest rates have become extremely sensitive to energy prices. Once the Strait of Hormuz reopens to navigation, interest rates should significantly decrease. He pointed out that until then, inflationary pressures will persist, and added that any rate cuts by the Federal Reserve will be postponed until the recent surge in energy inflation subsides. Navellier said: "If the Strait of Hormuz remains closed for another month, energy prices will almost certainly rise, pushing up inflation and interest rates." He also noted that this would pose problems for the U.S. midterm election cycle, as historical experience shows that midterm elections often trigger market downturns and volatility. "Trump is under pressure to 'resolve' the Iran issue as soon as possible," he said.```