US-Iran talks remain on track despite Gulf military clashes
The diplomatic efforts between Washington and Tehran are ongoing, with both sides combining military pressure and diplomacy.
The latest clashes saw limited strikes and retaliatory actions, but neither side appears willing to escalate into a full-scale war.
The central issue remains the disruption surrounding the Strait of Hormuz, likely keeping energy prices elevated.
The markets are now focused on the impact of elevated energy prices on inflation and monetary policy, rather than military escalation.