War in Iran: "The market now believes in an end to the crisis"analyzes Nicolas Doze on LCI

• Iran and the United States have reportedly agreed on a memorandum of understanding to end the conflict in the Middle East.
• According to the American media Axios, it would include the reopening of the Strait of Hormuz, the lifting of the American blockade and the demining of the area within 30 days.
• Economics columnist Nicolas Doze analyzes on LCI the effect of this possibility on the financial markets.

The peace agreement between the United States and Iran remains shrouded in uncertainty. A memorandum of understanding would have been concluded between the two belligerents, according to information coming mainly from the American media. In any case, the prospect of an imminent resolution of the conflict tends to give hope to the financial markets.

“The market today believes in an end to the crisis”agrees economics columnist Nicolas Doze on LCI, in a video sequence to be found at the top of this article. “We were talking about two days ago that they were resilient, even that they were ‘praying’, in stock market language, for resolution, rather than escalation.”

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He notes, for example, that the indicators showed that the price of a barrel of oil had returned to 93 dollars on the morning of Friday, May 29. “It’s still a level that we haven’t seen since the start of the conflict. The main Asian index, the Nikkei, in Japan, the only one that is running at the moment, is gaining more than 2.3%. This is a very strong increase”concludes Nicolas Doze.

Note that sovereign rates, that is to say the price at which the United States borrows, or the price at which France borrows, which are closely observed, have both fallen, slightly, of course, but they have fallen.