Barclays: The Middle East war will leave behind costs that need to be paid.

Barclays' Ajay Rajadhyaksha said in a report that despite the ceasefire, the Middle East war will still leave a mark. The bond research analyst wrote that the ceasefire between the US and Iran is not a refund - the past six weeks of conflict still need to be paid for. Barclays' base scenario forecast for 2026 is an average price of $85 per barrel for Brent crude oil. He added that the bond market still expects the European Central Bank to raise interest rates more than twice this year, and the current safety margin for US consumers is slightly lower than in February. He pointed out that despite this, given the current ceasefire, customers' reactions show a sense of relief and a desire to return to fundamentals.