Kaitou Macro: If the conflict drags on, the energy crisis will be even harder to ignore.

Capital Economics stated in a report that with the ongoing conflicts in the Middle East and the continued closure of the Strait of Hormuz, it will become increasingly difficult for the market to ignore the energy crisis. The company's chief market economist, Jonas Goltermann, said that investors generally believe that supply disruptions will only cause limited economic damage, supporting recent optimism. However, if the local situation does not improve, this market sentiment may diminish. He added, "With each passing day, disruptions to the energy market will increase, leading to downstream damage to economies around the world."