Live Updates > Live Update Details
2026-04-08 10:21:57
[Phillip Nova Analyst: Ceasefire Fails to Alleviate Energy Price Pressures; Conflict Costs Will Be Reflected in Gasoline and Inflation] (1) Phillip Nova analyst Priyanka Sachdeva stated that despite US President Trump's agreement to a two-week ceasefire with Iran, high energy prices are likely to continue to put pressure on businesses and markets. (2) Trump agreed to suspend attacks on Iran on the condition of immediately reopening the Strait of Hormuz. She pointed out that the ceasefire may prompt the reopening of the waterway, but it cannot undo the damage already done to energy infrastructure. (3) She added that in the coming months, the real costs of this conflict will be reflected in gasoline prices and global inflation.
