Risk assets shrugged off the failed weekend negotiations between the U.S. and Iran, and the U.S. blockade of the Strait of Hormuz. Weekend panics followed by Monday reversals have become the norm in 2026, and the action over the last 48 hours has continued that pattern. Down about 4% from late Saturday night into early Monday morning on news that U.S. Vice President J.D. Vance had left Pakistan without an Iran peace deal and President Trump's ordering of a blockade of the Strait of Hormuz,…
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