Over the weekend, US attack 3 nuclear sites in Iran, including Fordow, Natanz and Esfahan, joining Israel in the biggest military attack against Iran since its 1979 revolution. Meanwhile, Iran’s parliament approve to close the Strait of Hormuz, flowing ~30% of world’s seaborne oil trade and ~20% of world’s LNG’s supply, although final decision will be made by Iran’s national security council. Hence, the closing the Strait of Hormuz will impact the oil supply significantly, translate to jump in crude oil price. For now, the world is waiting for Iran’s response after attack.
EM Equities Net Foreign Flow
Sumber: Bloomberg, BPAM
Lihat Semua Weekly Market Review