Institution: The US-Iran conflict seems to have shifted into a long-term stalemate.

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Golden Finance reports that on April 22, Mitsubishi UFJ analyst Lloyd Chan stated in a research report that the conflict between the US and Iran seems to have shifted into a long-term stalemate rather than a quick resolution. This senior currency analyst said that the US appears to be using the blockade of Iranian ports to pressure Tehran into reaching a peace agreement, or else further military escalation could occur. Chan stated, “For the market, this environment means that energy transportation through the Strait of Hormuz will continue to be disrupted.” The analyst added that the pressure points are more evident in currencies with higher sensitivity to oil, including the Philippine peso and the Thai baht. (Jin10)

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