EPISODE · May 5, 2026 · 2 MIN
UBS On-Air: Paul Donovan Daily Audio 'Ceasing the ceasefire?'
Markets have had a muted reaction to reports of the US and Iran exchanging fire in the Gulf. Investors had tended to dismiss US President Trump’s weekend optimism and focused instead on comments from Iran, so an escalation was not unexpected. Prices are still not at levels that would bring supply and demand into balance (once reserves are exhausted), and various politicians globally talking of subsiding retail oil prices will make things worse.
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UBS On-Air: Paul Donovan Daily Audio 'Ceasing the ceasefire?'
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