UBS On-Air: Paul Donovan Daily Audio 'Back up' episode artwork

EPISODE · Aug 18, 2026 · 5 MIN

UBS On-Air: Paul Donovan Daily Audio 'Back up'

from UBS On-Air: Market Moves

The Brent benchmark oil future is back above USD 90 per barrel. The US-Iran truce covered by the “memorandum of understanding” expired yesterday and US President Trump said there is no intention to extend it. Trump also threatened to bomb Oman (again). From an investor perspective, none of this changes the current situation—Iran keeps the Strait of Hormuz effectively closed—but markets’ optimism bias is undermined by the near-term outlook.

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UBS On-Air: Paul Donovan Daily Audio 'Back up'

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