ABN AMRO Bank analysts said in a note that markets remain caught in a "news roulette", driven by swings in the perceived likelihood that the US and Iran could reach a near-term deal to reopen the Strait of Hormuz. "We have been trying to see through the day-to-day noise," they said. The analysts did not express a view on when an agreement might be reached and instead placed their baseline scenario on the outcome — namely when energy supplies might fully normalize and thereby allow prices to decl

ABN AMRO Bank analysts said in a note that markets remain caught in a "news roulette", driven by swings in the perceived likelihood that the US and Iran could reach a near-term deal to reopen the Strait of Hormuz. "We have been trying to see through the day-to-day noise," they said. The analysts did not express a view on when an agreement might be reached and instead placed their baseline scenario on the outcome — namely when energy supplies might fully normalize and thereby allow prices to decline sustainably.