Macro Finance
EM Assets Recover as Iran Deal Hopes Pull Oil Back From Highs
Bloomberg Markets·August 11, 2026·1 min read
Emerging-market currencies erased earlier losses on Tuesday as crude oil dipped after Pakistan's defense minister said a deal between the US and Iran may be close. This occurred despite President Donald Trump's recent rhetoric. The potential deal has pulled oil back from recent highs, providing relief to EM assets.
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