The CITIC Securities Research Report said that the situation in the Strait of Hormuz has once again escalated, and core conflicts such as control of the strait between the US and Iran have not been resolved due to the June Islamabad Memorandum of Understanding. The Memorandum of Understanding once promoted the resumption of navigation through the strait, but as the US implemented the southern waterway and Iran strengthened actual control of the waterway, the conflict between the two sides intensified again, causing navigation to be blocked once again. In terms of assets, crude oil is expected to strengthen in the short term and still fluctuate greatly; risk assets such as global stock markets will still be able to break out of the independent market; and gold will continue to show that risk assets are being suppressed in the short term. It is expected that the core differences between the US and Iran will not be resolved for a short period of time. Until then, the issue of navigation in the Strait of Hormuz will continue to disrupt all kinds of assets around the world.

The CITIC Securities Research Report said that the situation in the Strait of Hormuz has once again escalated, and core conflicts such as control of the strait between the US and Iran have not been resolved due to the June Islamabad Memorandum of Understanding. The Memorandum of Understanding once promoted the resumption of navigation through the strait, but as the US implemented the southern waterway and Iran strengthened actual control of the waterway, the conflict between the two sides intensified again, causing navigation to be blocked once again. In terms of assets, crude oil is expected to strengthen in the short term and still fluctuate greatly; risk assets such as global stock markets will still be able to break out of the independent market; and gold will continue to show that risk assets are being suppressed in the short term. It is expected that the core differences between the US and Iran will not be resolved for a short period of time. Until then, the issue of navigation in the Strait of Hormuz will continue to disrupt all kinds of assets around the world.