BMO Family Office
Middle East tensions are likely to rise again with renewed sanctions on Iran set to begin this August.
The Trump administration's stated intention is to put "unprecedented financial pressure" on the Iranian regime.
While the U.S. - North Korea tensions de-escalated with little market impact, it is unclear that the developments with Iran will have such a settling outcome.
Iran has threatened to close the Strait of Hormuz, one of the world's most important trade routes. We believe such an event is unlikely.
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