[Mitsubishi UFJ: US-Iran Conflict Appears to Have Turned into a Protracted Stalemate] In a research report, Lloyd Chan, an analyst at Mitsubishi UFJ, stated that the US-Iran conflict appears to have turned into a protracted stalemate rather than a quick resolution. The senior currency analyst said the US seems to be using the blockade of Iranian ports to pressure Tehran into a peace agreement, which could otherwise trigger further military escalation. Chan stated, "For the market, this environment means that energy shipments through the Strait of Hormuz will continue to be disrupted." The analyst added that the pressure is more pronounced in oil-sensitive currencies, including the Philippine peso and the Thai baht.
