Several oil tankers approved for passage, Saxo Bank: The market is attempting to stabilize but has not turned optimistic

Golden Ten Data reported on March 16 that after two oil tankers successfully passed through the strait over the weekend, India is now attempting to arrange for another six oil tankers to pass through Iran, while several other countries are also trying to communicate with Iran through informal channels to ensure the safe passage of their oil tankers. Charu Chanana, Chief Investment Strategist at Saxo Bank, stated: "The market is trying to stabilize, but has not turned optimistic. The stock market may welcome any signs of a possible reopening of the Strait of Hormuz, but due to the continued threat of further attacks and unsatisfactory diplomatic efforts, market confidence remains low and positions may still be highly sensitive."