Jim Reid

“There wasn't a single catalyst for the declines, but with few signs of the US and Iran coming to any sort of a deal, that meant investors priced in a more extended closure of the Strait of Hormuz.”

Jim Reid · said 2026-08-19 · reported 2026-08-19

Reid noted investors were pricing in a longer closure of the Strait of Hormuz amid US-Iran tensions.

“Markets have seen growing weakness over the last 24 hours, with bonds and equities slipping thanks to negative geopolitical headlines from the Middle East,”

Jim Reid · said 2026-08-19 · reported 2026-08-19

Reid commented on the recent weakness in bonds and equities amid Middle East tensions.