Svmuu reports that Navellier & Associates analyst Louis Navellier stated in a report that interest rates have become extremely sensitive to energy prices, and once navigation resumes in the Strait of Hormuz, interest rates should decline significantly. He pointed out that until then, upward pressure on inflation will persist, and added that any rate cuts by the Federal Reserve will be delayed until the recent surge in energy inflation subsides. Navellier said: “If the Strait of Hormuz has not resumed navigation in a month, energy prices will almost certainly rise, thereby pushing up inflation and interest rates.” He also noted that this could create problems for the U.S. midterm election cycle, which historically tends to trigger downside market volatility. “Trump is under pressure to ‘resolve’ the Iran issue as soon as possible,” he said. (Jin Shi)