Trump says Iran wants to open Strait
EMERGING ASIA
Trump is doing his rounds again on how Iran want to reopen the Straits. Such image construction has become cry for the wolf and have limited impact towards the market. Market participants are well aware of the lack of progress between U.S. and Iran. however, it remains hopeful as Iran seems to be folding under the pressure and have revised their negotiation plans. The fractured Iran leadership remains a huge obstacle. We are looking into a calm Asia opening.