Insights

Weekly Market Commentary – 10th April 2026

10 April 2026

This week markets heaved a sigh of relief as the US and Iran agreed a ceasefire and committed to negotiations toward a permanent end to hostilities. The truce appears fragile with violations of the agreement claimed by both sides. More concerning, there seems to be disagreement over several issues at the heart of the planned negotiations. Most critical is the question of safe passage through the Strait of Hormuz. By Friday morning, Hormuz remains effectively closed and market sentiment appears slightly more pessimistic about the ceasefire.