UK Assets Rebound as Reported US Iran Waiver Proposal Keeps Oil Near $110
Updated
Updated · Bloomberg · May 18
UK Assets Rebound as Reported US Iran Waiver Proposal Keeps Oil Near $110
3 articles · Updated · Bloomberg · May 18
UK stocks, the pound and gilts recovered ground after a bruising selloff, with the rally tied to a report that Washington proposed an Iran sanctions waiver.
Oil still held near $110, but the reported waiver proposal eased some pressure on markets that had been hit by fears of tighter supply and broader risk aversion.
The rebound spanned both equities and bonds, reversing part of the earlier slide even as political uncertainty in the UK continued to hang over sentiment.
The move came as the IMF separately urged Britain to stick to its fiscal rules, underscoring that domestic policy credibility remains a key backdrop for UK markets.
Can a fragile diplomatic truce with Iran permanently tame the geopolitical inflation rattling the world's economies?
After years of sanctions, why is the US suddenly proposing a deal that could upend global energy markets?