A significant relief rally is now underway, but oil prices are set to remain structurally higher, the CEO of a leading independent financial advisory has warned, following President Donald Trump’s decision to suspend military action against Iran for two weeks. Markets responded instantly, easing immediate fears around a prolonged disruption to world energy flows through the Strait of Hormuz. Futures linked to the Dow Jones Industrial Average surged, while the S&P 500 and Nasdaq 100 posted gains above 2%, signalling a powerful rebound in risk appetite. Oil prices, which had surged amid supply fears, pulled back aggressively as traders priced
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