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UBS: Markets are not yet in the clear on the Iran-U.S.
UBS warns that the Strait of Hormuz's shipping flow will not quickly return to pre-war levels.
KEY POINTS
- Iran briefly blocked the Strait again, citing an Israeli attack in Lebanon as a ceasefire breach.
- Uncertainty remains over future control of the Strait and whether Iran might impose passage tolls.
- UBS forecasts gold could reach $5,900/oz by year-end as a hedge against ongoing risks.
COMPANIES
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