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2026-04-08 09:17:09
[Besa Deda, a Sydney-based economic research firm: Cautiously optimistic, but wary of a short-lived ceasefire] William Buck, chief economist at Besa Deda, noted that this is the first substantial ceasefire since the conflict began, which may lead to cautious optimism in the market. However, investors remain aware that the ceasefire may not be sustainable and hope it will last to limit the risk of a more severe economic shock. Even if the ceasefire ultimately resolves the issue, the damage to refineries and infrastructure will take time to repair, but this is far better than a prolonged shock.
