The Spectator Index - From the Index Briefing for the 9th of April - https://t.co/rI7dVdP0mm The world is watching how firm the ceasefire in the Middle East really is. Whether Lebanon is covered by the truce isn't a minor detail, it's a central issue in the conflict and reflective of US-Israeli efforts to curb Iran's regional influence. Accordingly, markets are caught between hope and reality; traders are now pricing in a muddled outcome, with some de-escalation but not a full resolution. Critically, oil bouncing back by over 3% suggests the market doesn't believe Hormuz is reopening soon.

From the Index Briefing for the 9th of April - https://t.co/rI7dVdP0mm The world is watching how firm the ceasefire in the Middle East really is. Whether Lebanon is covered by the truce isn't a minor detail, it's a central issue in the conflict and reflective of US-Israeli efforts to curb Iran's regional influence. Accordingly, markets are caught between hope and reality; traders are now pricing in a muddled outcome, with some de-escalation but not a full resolution. Critically, oil bouncing back by over 3% suggests the market doesn't believe Hormuz is reopening soon.