Analysis: Market sentiment has improved, releasing hope for further easing of tensions between the US and Iran.

Anthony Willis of Tianli Investments stated in a report that with the possibility of a further easing of tensions between the United States and Iran, investor sentiment has improved. The senior economist said that the drop in oil prices "indicates that the market places greater importance on the recent easing of supply risks." He stated that this is important for the broader market, as the decrease in oil prices reduces the risks of conflict on inflation or growth expectations. Willis said: "Currently, the market seems willing to overlook recent news volatility, reflecting a viewpoint that both sides may be moving towards a more enduring framework."