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Morgan Stanley strategists: Sell-offs triggered by geopolitical issues usually dissipate quickly.
According to ChainCatcher news and Bloomberg reports, Morgan Stanley strategist Wilson stated that despite the U.S. strikes on Iranian nuclear facilities dominating headlines, sell-offs triggered by geopolitical events usually last for a shorter duration. After the United States joined Israel’s attack over the weekend, the market reacted relatively mildly, with Brent crude oil prices rising by as much as 5.7%, but most of the gains were retraced on Monday. However, Iran may respond to the escalation of the situation by disrupting navigation in the Strait of Hormuz, which is a crucial transport route for global oil and gas.