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22/06/25
19:11
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Originally posted by TheReaper:
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Everyone should be watching the straits of Hormuz now IMO. If they remain open then markets should continue to ignore most of what is going on for a little longer. Hence as I posted earlier even I took a small short for tomorrow but nothing major. If they close the straits then markets have a serious problem because they can't ignore reality anymore. Then we ask the question will the Houthis start attacking shipping in the Red Sea again? Anyway just my opinion but I think the straits are the key now. If they remain open it would also signal Iran wasn't intending (for now anyway), to escalate beyond the current war into a regional conflict. Again this is just IMO, but remember the world has gone mad so time for caution you never know what can happen.
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I am terrible at predictions, but my guess is that the ASX opens tomorrow 0.4% down and will wait for US futures to move in either direction.