Analyst: The market is eager for more progress, with several weeks of uncertainty remaining regarding the Iran war.

BlockBeatNews · 2026-04-02T02:22:23+00:00

IG Market Analyst Tony Sycamore pointed out that although the market fundamentals are expected to cool down, more substantial progress is still needed. The Strait of Hormuz is a key variable, with stock and oil markets reacting very differently to the news. The market will face uncertainty in the coming weeks.

BlockBeatNews

2026-04-02 02:22:23

Abstract generation in progress

BlockBeats message, April 2, IG market analyst Tony Sycamore said: “The baseline expectation in the market previously was that the situation would continue to cool down, and over the past few days we indeed saw signs of that. Overall, this trend still exists, but I believe the market is looking for more substantive progress. For me, this speech didn’t really have much in it.

The Strait of Hormuz is still the biggest variable in everyone’s script. Looking at the stock market, what we’re seeing is the typical reaction of ‘buy on expectations of good news, sell when the facts are confirmed’; while the reaction in the oil market is exactly the opposite. At the moment, uncertainty over the next two or three weeks is hovering over the market.” (Jin10)

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