The ink on the US-Iran memorandum of understanding is barely dry, but financial markets are already showing signs of strain. Despite the historic signing of a 14-point ceasefire framework on June 17, electronically signed by US President Donald Trump and Iranian President Masoud Pezeshkian, seasoned market watchers say the deal is far from a green light for risk assets.
"We are just ripe with uncertainty," says Seth R. Freeman, Senior Managing Director at GlassRatner Advisory. "Market players do not like this level of uncertainty."
