Reopening of Hormuz Strait Makes IMF Growth Downgrades Look Outdated -- Market Talk
Dow Jones
Apr 17
1414 GMT - Iran's announcement that the Strait of Hormuz will remain open during the current ceasefire has sent Brent crude prices tumbling and already makes the International Monetary Fund's latest global growth forecasts look out of date, XTB's Kathleen Brooks says in a note. While it will take time to relieve the backlog of tankers, this is undoubtedly good news, and it brightens the outlook for the global economy for the rest of this year, she says. The news is reducing upward pressure on bond yields while interest-rate expectations will also be recalibrated. "We expect to see a rapid pricing out of rate hikes from the Bank of England and the European Central Bank," she says. (edward.frankl@wsj.com)
(END) Dow Jones Newswires
April 17, 2026 10:14 ET (14:14 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.