IG Group analysts: The market is pricing in expectations of an end to the US-Iran war, driving oil prices down; however, the US remains highly likely to carry out a new round of military strikes in the future.
IG Group Chief Market Analyst Chris Beauchamp noted that financial markets appear to be pricing in expectations of an end to the US-Iran war, which is driving oil prices lower. However, he warned that the US military's force posture in the region remains at February levels, meaning the US still maintains a high probability of launching another major military strike against Iran in the future. Nevertheless, given low US ammunition stockpiles, it is not expected to evolve into a protracted conflict.
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