German commercial bank: If the Iran war ends, the Norwegian krone may fall.

Michael Pfister of Deutsche Bank stated in a report that if the Iran conflict is resolved, the Norwegian Krone may weaken towards the end of the second quarter. With the conflict driving up oil prices, the Norwegian Krone has recently strengthened. Norway is one of the largest energy exporting countries in the world. He said, "Once the war is over, which we currently expect to end by the end of May, this trend driven by energy prices should reverse." He also said that at the same time, the fundamentals of Norway may also put pressure on the Norwegian Krone, as inflation was already high before the war. The euro rose by 0.5% to 11.2294 Norwegian Krone. According to data from the London Stock Exchange Group, the exchange rate hit a three-year low of 10.9244 on March 19th.